Myanmar to launch tourism bank

[Nyi Nyi ®]

Myanmar Tourism Bank managing director, Thein Tin, was quoted saying: “We have submitted the license application for the bank. It will be approved this month. After that, we hope to establish the bank in June.”

Myanmar Tourism Federation deputy chairperson, U Khin Maung Yin, disclosed that more bank branches would be opened based on the amount of available investment capital.

“The tourism development bank’s shares will be owned by hotel and tour operators. We have secured approval from the Central Bank of Myanmar (CBM),” he told Myanmar Business Today.

Read full story on TTR Weekly

[Nyi Nyi ®]

Apparently it is under way though it's supposed to launch in June! 

Myanmar Small and Medium Enterprises Development in collaboration with ILO is conducting survey for tourist-related SME development in Bagan and Mandalay. The survey will be conducted in Bagan first, the report said.