Another hotel in Myanmar

Another hotel in Myanmar

BANGKOK (AFP): Myanmar's military authorities Tuesday signed
an agreement in Rangoon with a private Singaporean hotel firm to
build and operate a hotel in the Myanmarese capital's city
center, state-run Radio Yangon reported.

The agreement to set up "the Yangon Hotel" was signed by
Myanmar's Trade Ministry and Singapore-based Yangon Investment
Private Limited, the radio said in a broadcast monitored here.

The signing ceremony was presided over by Myanmarese Trade
Minister Tun Kyi and Tourism Minister Kyaw Ba, the report added.
Singapore is one of the major hotel investors in Myanmar and a
member of the Association of Southeast Asian Nations, which has
rejected the western boycott of Myanmar's military regime and
said the best way to deal with Yangon was through a policy of
"constructive engagement."