Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]

Ooredoo, Telenor to partner with Samsung for mobile services

International telecoms operators Ooredoo and Telenor will cooperate with tech giant Samsung to provide faster mobile internet services in Myanmar. Ooredoo Myanmar and Samsung signed a memorandum of understanding last Friday offer customers a range of “Special Bundles” designed to make the most of Ooredoo’s 3G network on data-driven Samsung devices. Ooredoo’s products and services […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

BMW to drive ASEAN summit

BMW is to provide vehicles for ground transportation for the 2014 ASEAN summit, a local representative announced last week. Officials will be ferried around town in up to 95 BMW chauffeur-driven limousines during the two summit sessions in May and November next year. “It is an honour to partner this ASEAN summit chaired by Myanmar,” […]