Telenor to roll out 4G in Myanmar as soon as summer

YANGON — Telenor Group will launch fourth-generation cellular service in Myanmar as early as this summer, Petter Furberg, CEO of the Norwegian carrier’s local arm, told The Nikkei. Telenor Myanmar is testing 4G in four cities. The rollout will begin when more spectrum becomes available, Furberg said. Myanmar’s government plans to hold an auction for […]

College launches tech start-up competition, with winners to get shot at Singapore reality show

Myanmar’s young entrepreneurs-in-the-making are getting a shot at reality-show fame from Yangon’s Lithan University College (LUC). The college is putting on Start-Up Boot Camp, a two-day event for Myanmar people with fresh business initiatives. Candidates selected to participate get to do so at no cost. The boot camp turns traditional teaching style on its head, […]

Four Thai banks vie for licences in Myanmar

Thai banks with representative offices in Myanmar have a strong interest in applying for restricted-services licences, after that country recently opened up for such applications from foreign banks for the first time. Four Thai banks have representative offices in Myanmar – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank. If they can obtain the […]

Myanmar Faces Foreign Investment Competition From Cambodia, Laos

Myanmar, Cambodia and Laos are the potential “hidden markets” of Southeast Asia for investment opportunities, a business study said, but they could end up competing against one another. Myanmar and Cambodia are both developing tourism and textile manufacturing industries which could see competition for foreign investment. In Myanmar’s case, “it’s very important that the government […]

Path clear to conclude historic energy block tender in 2014

The past 12 months could be considered a watershed year for Myanmar’s energy sector, as the oil and gas industry saw unprecedented foreign interest. Myanmar’s proven natural gas reserves, some 7.8 trillion cubic feet, were revealed at the World Economic Forum in Nay Pyi Taw in June, but potentials of 0.42 trillion cubic feet of […]

Telecom Ministry seek Feedback on Proposed Rules for the Telecommunications Sector. Dateline: 2nd Dec 2013

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF COMMUNICATION AND INFORMATION TECHNOLOGY UNION MINISTRY’S OFFICE MEDIA RELEASE Public Consultation Issued by the Ministry of Communication and Information Technology of the Republic of the Union of Myanmar Proposed Rules for the Telecommunication Sector Relating to Licensing, Access and Interconnection, Spectrum, Numbering and Competition Release Date: 4 […]

Competition intensifies for Myanmar’s offshore oil blocks

Competition to win the contract to operate 30 offshore oil blocks in Myanmar coastal regions has intensified among Chinese, Indian and other global oil companies, said an industry observer. State-owned Myanmar Oil and Gas Enterprise (MOGE) has recently announced a list of international firms shortlisted for the tender of 30 offshore blocks- 11 in shallow […]

Myanmar Firms Feel Pinch From Abroad

YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]