New bank offers long-term low-interest loans for housing purchases

The Construction and Housing Development Bank (CHD) is considering a plan to provide long-term, low-interest loans to people who want to buy homes. The bank was launched in January with an initial capital of Ks 100 billion (US$100 million) and operates under the supervision of the Ministry of Construction. The bank was licensed by the […]

Mitsui buys into Thaketa plant with MAXpower deal

Mitsui, the largest Japanese investor in Myanmar, has purchased 44 percent of Myanmar Power Pte Limited from Singapore-registered MAXpower Group for an undisclosed sum. Myanmar Power runs the Thaketa gas-fired project near Yangon, which has been operational since August 2013 partly to provide electricity to Thilawa Special Economic Zone. “Sealing a new strategic partnership with […]

Ooredoo clicks on Microsoft ahead of network launch

As Telecom operator Ooredoo prepares to launch its mobile network here in August it is hyping a slew of new partnerships and deals with global companies that it hopes will give it the edge over its rivals, as well as drum up attention to its service. The latest announcement is a deal with software giant […]

UMFCCI plans survey of business conditions

The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]

Foreign teams at SEA Games to receive free SIM cards

Myanmar Post and Telecommunication plans to issue 30,000 free SIM cards to foreign athletes, coaches, referees and team officials during the SEA Games next month, it said on November 19. The cards will be valid for three-months, the NPT’s deputy general manager in Naypyitaw, U Thein Hoke, told Mizzima in a telephone interview from Yangon. […]