New hotel project in Myanmar

New hotel project in Myanmar

YANGON (DPA): A Japanese company has pledged to invest US$25
million to renovate a Mandalay hotel, winning Myanmarese
government praise for agreeing to the deal at a time when the
Rangoon regime has come under fire internationally, reports said
Saturday.

The contract was signed Friday between Myanmar Hotels and
Tourism Minister Lieutenant General Kyaw Ba and Kiyotaka Koiko,
director of the Myanmar Inwa Company Ltd., a subsidiary of Nikken
Rentacom of Tokyo.

Myanmar's military regime, the self-named State Law and Order
Restoration Council (SLORC), has come under increasing
international condemnation for its rough treatment of opposition
leader Aung San Suu Kyi, whose car was attacked by thugs last
weekend.

The government has denied involvement in the attack, blaming
it on saboteurs bent on undermining their "Visit Myanmar Yes"
campaign, to be launched on November 18th.