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.