Investments

Myanmar participates in ITB

Bank Of America Investment Myanmar is taking part in ITB Berlin with 50 representatives from domestic airlines, hotels and tour operators. It is part of its drive to attract tourists.

Throughout the year, the tourist economy rose to $153 million, up $17 million from the previous year. Myanmar has 596 hotels, motels and guest houses providing a total of over 18, 500 rooms. While the number of travel agencies in operation is over 500. Official figures reveal foreign investment in the tourism sector has so far amounted to one billion dollars, $580 million of this total is in hotel investment.

Investment Opportunity Hoteliers hope their participation will boost the countries profile and increase tourist arrivals through the introduction of new destinations.

Total has denied funding the military in Myanmar but has said the junta paid soldiers to protect its installations and workers. The pipeline was completed in 1998. At Total's annual shareholders meeting in May, Desmarest said he had no plans to withdraw from Myanmar despite demands by human rights activities, saying such a move would not bring democracy any quicker to the country. Total and other multinationals have been under pressure from activists to withdraw from Myanmar, shunned for its human rights record and suppression of political opponents.

Banc Of America Investment According to the statistics from Myanmars Ministry of Tourism, more than 660,000 overseas tourists traveled to the country by air in 2005, slightly up from about 657,000 in 2004 despite the global impact of bird flu.

Loss on an investment that is deductible only up to the limit of gains from similar investments. The limit mainly affects tax shelters and does not apply to stocks, bonds or investments in businesses in which the investor materially participates. Special rules apply to investments in real estate.

Banking Investment Throughout the year, the tourist economy rose to $153 million, up $17 million from the previous year.

And when such travellers return, we encourage them to speak out about what they have seen, to write to the local Myanmar embassy and to share their experience with others, perhaps by participating in Lonely Planet's own discussion forum, the Thorn Tree.

Investment Solution Strategic Myanmar has 596 hotels, motels and guest houses providing a total of over 18,500 rooms. While the number of travel agencies in operation is over 500.

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Investment Banking Services Official figures reveal foreign investment in the tourism sector has so far amounted to one billion dollars, $580 million of this total is in hotel investment.

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