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Myanmar Business Today shared Bagan Lodge's Family Escape on their newspaper (both online and print).
Myanmar Business Today shared Bagan Lodge's Family Escape on their newspaper (both online and print).
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Myanmar Business Today shared Bagan Lodge's Family Escape on their newspaper (both online and print).

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www.bagan-lodge.com

www.bagan-lodge.com

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  • 1. March 20-26, 2014 Myanmar Business Today mmbiztoday.com mmbiztoday.com March 20-26, 2014 | Vol 2, Issue 12MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Myanmar Summary Myanmar Summary Contd. P 19... Contd. P 19...Contd. P 6... Contd. P 6... Investments by $130 Million Aims to diversify into agriculture, logistics and education sectors Nwe Zin S ingapore-listed Yoma Strategic Holdings (YSH) last week an- nounced its plans for a massive expansion of its business interests in My- anmar in a bid to diversify its portfolio and income stream in the frontier mar- ket of the Southeast Asian country. The company, which mainly deals in real estate and property, will bolster its push into Myanmar by branching out into educa- ucts, cold storage and logistics businesses, with an estimated total invest- ment of $130 million. The moves are part of the company’s push to lio in Myanmar, Andrew Rickards, chief executive of YSH, said at a press conference in Singapore. YSH said these devel- opments are in line with its “long-term vision and planning” as it “leverages on its solid foundation to develop sectors of My- anmar’s economy” with strong potential for future growth. Yoma tied up with the International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, to secure a debt and eq- its venture into the agri- culture and logistics sec- tors in Myanmar, which is subject to completion of IFC’s appraisal, environ- mental and social impact assessment. The company has formed a new investment holding company, Yoma Agricultural & Logistics Holding Pte Ltd (YALH), which is intended to hold the group’s interests in cold storage and logistics businesses. IFC will invest up to 20 percent equity in YALH with the remaining 80 percent held by Yoma Strategic Investment Ltd, a wholly-owned subsidi- ary of YSH. YSH signed an agree- ment with UK-based ED&F Man Holdings Ltd (EDFM), an agricultural commodities trader, to plant and produce low- in the group’s plantation land at the Maw Tin Es- tate in Ayeyarwaddy divi- sion of Myanmar. SMIDB Plans to Lend $21 Phyu Thit Lwin S tate-owned Small and Medium Indus- trial Bank (SMIDB) plans to lend K20 billion ($20.6 million) to small and medium entrepre- year, starting April 1, of- The Central Department of Small and Medium En- terprises Development (CDSMED) under the Ministry of Industry will administer the loans to entrepreneurs at 8.5 per- cent interest rate, CDS- MED Director Daw Aye Aye Win said. Germany’s development Small and medium enterprises in Myanmar comprise about 90 percent of the Southeast Asian country’s economy, according to different estimates. UAung/Xinhua pufrI0efBuD;|me? tao;pm;ESifh tvwfpm;vkyfief;rsm;zGHUNzdK;wdk; wufa&;A[dk|metaejzifh jynf wGif; SMEs u@zGHUNzdK;wdk;wuf a&;twGuf &nf&G,fí pD;yGm;a&; vkyfief;&Sifrsm;tm; twdk;EIef; 8 'or 5 &mcdkifEIef;jzifh aiGrsm; pifumylpawmhtdyfcsdef;wGifpm &if;oGif;xm;aom Yoma Strategic Holdings (YSH) onf vGefcJhonfhtywfu jrefrm EdkifiHwGif YSH vkyfief;rSwdk;csJU aqmif&GufoGm;vdkaompD;yGm; a&;tpDtpOfrsm;udkxkwfazmf ajymMum;cJhNyD; ta&SUawmiftm&S tzGJU0ifEdkifwpfEdkifiHjzpfaom jrefrm EdkifiHwGif vkyfief;trsKd;t pm;rsm;pGmudkvkyfEdkifvmEdkif&efESifh 0ifaiGwdk;wufvmap&eftwGuf jzpfaMumif; od&onf/ tdrfNcHajrvkyfief;rsm;tm; t"d uvkyfaqmifaom YSH tae jzifhynma&;u@? aumfzDpdkuf ysKd;xkwfvkyfrI? EdkUxGufxkwfukefrsm;? tat;cef;odkavSmifrI? axmufyHhydkY aqmifa&;vkyfief;rsm; wGifwdk;csJU &if;ESD;jr§KyfESHoGm;rnfjzpfNyD; pkpk
  • 2. March 20-26, 2014 Myanmar Business Today mmbiztoday.com 32ENTERTAINMENT Myanmar to be Awarded World’s Best Tourist Destination for 2014 M yanmar will be pre- sented the award of World Best Tourist Destination for 2014 by the Eu- ropean Union Council on Tour- ism and Trade (ECTT) soon, state-run media reported. The award is aimed at boost- ing Myanmar’s tourism in- dustry and promoting tourist attractions in the country, ac- cording to the report. The award is presented based on ethics for tourism industry, safety of tourists and preserva- tion of cultural heritages des- ignated by the United Nations Tourism Division, United Na- and Cultural Organization (UN- ESCO) and European Union Council on Tourism and Trade, according to ECTT website. The World’s Best Tourist Des- tination Award, introduced in 2007, is one of the highest ac- Kyaw Min colades in the travel and tour- ism industry in the world, ECTT claims. In 2006 a collective of inter- national specialists in tourism, tourist education, tourism reg- ulation experts and academics from European Union member countries decided introduce the development of tourism in non European Union countries. ECTT board states: “This countries that are embracing tourism as a resource for cul- tural and social development, who respect ethics of human relations and preserve cultural and natural heritage and ... must prove their commitment towards sustainable develop- ment, fair tourism and histori- cal preservation.” “The title should act as a booster for tourism in that place but in according with in- ternational tourism accepted laws and regulation as decided by ECTT,” the body said. Previous winners included Laos (2013), Trinidad and To- bago (2012), UAE (2011) and South Korea (2010). In the wake of dramatic in- crease in tourist arrivals, Myan- mar has planned to introduce travel insurance services. How- ever, the number of applicants is still low. To enhance development of its tourism industry, Myanmar opened four entry and exit gates on the Myanmar-Thai border in August last year. Meanwhile, visa-on-arrival for visitors from 48 countries and regions has their travel to the country. In 2013, Myanmar attracted over 2 million tourists, of whom 1.14 million entered through bor- der gates and 885,476 through airports. Myanmar targets 3 mil- lion tourist arrivals in 2014. O ne of Myanmar’s newest boutique resort Bagan proximity to one of the world’s a family package that trades on a Burmese tradition: the use of thanaka as a face paint. The hour-long program is a component of the new hotel’s “Family Escape” deal, which Pann Nu Pandaw Starts Work On New Vessel S ingapore-based river cruise company Pandaw has started building a new vessel, after the sinking of one of its other boats late last year. The Saigon Pandaw was being towed to Myanmar when it sank To make up for the lost capacity, Pandaw is now working on a new boat that will be used to ply the waters of Myanmar’s Chindwin River, the company said. The Kha Byoo is described as a “river recce vessel”, as it sits just 75cm in the water, allowing it to explore further upstream than other boats. It will join the Kalay Pandaw on the Chindwin River, sailing seven-night itineraries between Monywa and Homalin. These trips can also be booked back-to-back with the new Kindat Pan- daw’s Mandalay-Bhamo routing on the Irrawaddy River. Measuring 40-metres-long, Kha Byoo will feature an owner’s state room on the upper deck plus nine other cabins with French windows that open on to promenades on either side of the ship. There is also an indoor bar-dining area and outdoor deck. The new vessel is being designed as a replica of the Irrawaddy Flotilla Company ship of the same name, which plied the Bur- mese waterways 100 years ago. Pandaw will be hoping however, that the new boat has a less dramatic existence than its name- sake; the original Kha Byoo spent three days caught in a whirl- pool in the Irrawaddy in 1899. Kha Byoo will be Pandaw’s 13th vessel, and following the un- fortunate events surrounding the Saigon Pandaw, the company will be hoping for a bit more luck with its latest boat. Zayar Phyo also includes two nights for two adults and two children under 12 in a 55-square-metre Deluxe Room with 17-square-metre private veranda, breakfast, air- port transfers and a roll-away bed. Under the tutelage of Bagan Lodge’s resident thanaka ex- perts, guests will get the chance to learn when the fragrant paste paint, where it comes from, and how to authentically and creatively apply it. “It’s no secret that most kids usually want nothing more than to play in a pool all day long, es- pecially when on vacation,” said Jon Bourbaud, Bagan Lodge’s general manager. “We’ve got a fantastic pool. But we’ve also got the ability to provide an experience that gets under the surface of this won- derful culture.” Family Escape is priced at $300 including tax and service charge and is valid for stays be- tween March 15 and October 14 this year. Opened in August last year, Bagan Lodge features 85 rooms conceptualised by noted French designer Brigitte Dumont de Chassart and sits on the edge of an archaeological wonder- land home to more than 3,000 ancient temples, pagodas and stupas. Tourist at a sunset viewing spot on Shwe San Daw Pagoda in Bagan, Myanmar. SherpaHossainy The swimming pool at Bagan Lodge. BaganLodge

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