Cyber sex offenders to get time

Cyber sex-pests and abusers could go to prison, the police said on August 8. Police Captain Thi Thi Myint told The Myanmar Times that anyone using electronic transaction technology to disturb, threaten or defame in a sexual manner could face penalties of three to five years’ jail and a fine. This could include the use […]

Ayeyarwady Bank announces Ks 1 trillion in deposits

The Ayeyarwady Bank has recorded public deposits amounting to Ks 1 trillion (US$1 billion) since its founding in 2010, according to bank statements. The bank began business three years ago with the opening of its headquarters in Nay Pyi Taw on August 11, 2010. Apart from normal banking procedures, it has become a member of […]

Shadow of Decade-old Bank Crisis Looms over Credit Card Plans

In a world where modern banking services are almost universal, few things shout “economic backwater” quite like the absence of ATMs and credit cards. These days, even Myanmar—which was for decades one of the world’s most economically isolated countries—has a handful of ATMs in major urban centers, providing the sort of convenience that most of […]

How will the entry of two telcos affect Myanmar citizens?

The awarding of two new telecom licenses is a watershed in Myanmar’s road to modernization. It is expected to bring competition and innovation to an otherwise sleepy telecom sector that has been a disappointment to the Myanmar people and a drag on the economy for many years. Myanmar Posts and Telecommunications (MPT) and Yatanarpon will […]