Located in the central region of Myanmar, the charming colonial setting of Pyin Oo Lwin has long been a hot-season getaway for locals. Situated in the Shan Highland, 67 km east of Mandalay and at an altitude of 1070 metres, the “City of Flowers” is home to breathtaking waterfalls, stunning gardens and glistening pagodas, as well as many other...
ETIQUETTE: In a formal setting “U” should be used in front of a name when addressing a man and “Daw” when addressing a woman, roughly translating to Mr and Lady. It is common practice to remove your footwear before entering someone’s workplace or home, but not always required. Removing shoes before...
SULE SHANGRI-LA HOTEL 223 Sule Pagoda Road G.P.O. Box 888 T: +951 242 828 F: +951 242 800 ssyn@shangri-la.com www.shangri-la.com Rooms: 479 guest rooms and suites. Business & Conference Facilities: The 760-sq-metre Myanmar Ballroom can accommodate up to 940, eight smaller function rooms and a private meeting room. Audio-visual equipment is...
With traditional lending constrained by lower hydrocarbons receipts, public authorities are redoubling their efforts to develop Algeria’s capital markets. By encouraging listings on the country’s equity and debt markets, officials are looking to relieve pressure on the national Treasury and create new investment opportunities for financial...
As part of steps to reduce the country’s economic reliance on oil and gas production, Algeria’s parliament in mid-July 2016 passed a law aimed at attracting new private sector investment by modifying the national investment promotion framework, which dates from 2001. The law is due to be implemented by the end of 2016. In keeping with this...
High international oil prices in the mid-2000s saw Algeria record large fiscal surpluses, peaking at 13.8% of GDP in 2006, according to IMF figures. This allowed the authorities to pay down the country’s debt and indeed to begin accumulating large fiscal savings in the years that followed, stored mainly in the oil savings fund, which is known...
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