Myanmar: 45 Million Mobile Phones And The $19 3G Smartphone – Forbes

The photo above shows a shiny new $19.44 smartphone for sale in Yangon.  When I saw this in small corner shop on Anawrahta Road near Pansodan a few weeks ago, the 23,000 kyat (at 1,183 kyat/US$1) price included one SIM card. As you can perhaps see, it’s 3G capable and has slots for two SIM […]

Asia World sells jade, mining, toll road businesses

Asia World Company, one of Myanmar’s largest conglomerates, has restructured its business, dropping its toll road, coal-plant, petrol station and mining interests, according to a company spokesperson. The aim is to “streamline operations and improve sustainability,” said the company in a statement. Asia World is owned by US-blacklisted businessman U Htun Myint Naing, who goes […]

Arcc Launches Serviced Office Spaces in Yangon

Arcc Offices, a Singapore-based serviced office provider, has opened their first offices in Yangon on September 17. These offices are located on the sixth floor of Hledan Centre in midtown Yangon. All the offices are provided with furniture, office equipment and internet facilities. Paola Orneli, general manager of Arcc Offices, said many international investors are […]

Manhattan prices in Yangon

International NGOs are facing strong criticism in Myanmar not for the work they do, but for the large amounts of donor money they spend on renting offices. Recent reports have found that considerable sums are paid for office space in Yangon, where most organisations have their head offices. Adding to the controversy, some of these […]