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The foyer of the Hilton Nay Pyi Taw Photo : www3.hilton.com

Hilton Worldwide became the first American hotel chain to operate in Myanmar since the easing of US sanctions, when it held the official opening of the Hilton Nay Pyi Taw on October 17.

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The Myanmar Investment Commission announced the decision to designate a new economic zone within the Kokang self-administrative zone, Shan State, on October 17.

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State-run Myanma Oil and Gas Enterprise has begun the selection process to find foreign consultants to help further develop sectors of Myanmar’s onshore and offshore oil and gas extraction work.

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The Singapore-listed Yoma Strategic Holdings Ltd and New York-listed Yum! Brands, Inc have announced the arrival of the first Kentucky Fried Chicken (KFC) restaurant in Myanmar set to open in 2015.

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Yangon - The construction of Kyaukpyu Deep Sea Port, Rakhine State, has been completed, but its depth will not currently accommodate an oil tanker scheduled to arrive in November when the port is opened, said a member of the Kyaukpyu Deep Sea Port Watchdog Committee on October 10.

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The Parkroyal Hotel conference room was abuzz with discussion on the weekend about how Myanmar tech company developers could help create conditions for a “Silicon Valley” in their country.