Singapore to invest in Myanmar tourism

May 28, 2012 ..

YANGON: Businessmen from Singapore are keen to invest in the hotel and tourism sector in Myanmar. A 15-member delegation of the International Enterprise Singapore Business Department Trip to Myanmar, led by Tan Soon Kin, group director of the Southeast Asia Group, has held discussions with officials of Myanmar’s ministry of hotels and tourism, Xinhua reported citing the biweekly Eleven News.

Singapore is the biggest foreign investor in Myanmar’s hotel and tourism industry, running the Sedona Hotel and Park Royal Hotel in Yangon and the Sedona Hotel in Mandalay. Other major foreign investors come from Thailand, Japan, Hong Kong, Malaysia and Britain.

Indo-Asian News Service

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