Travel & LeisurePeninsula Hotels group says $130m Myanmar project still stalled
Hong Kong operator makes first post-COVID profit but greater China a strain
The Peninsula hotel construction site in Yangon last year. (Photo by Yuichi Nitta)
KENJI KAWASE, Nikkei Asia chief business news correspondent
HONG KONG -- The operator of the upscale Peninsula Hotels chain said on Tuesday that it is unsure when it will be able to resume its $130-million project in Yangon, which has stalled since the military toppled the incoming democratically elected government three years ago.