Foreign firms bid for telecoms contract

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. An international telecoms firm will be chosen at the end of the month to partner with a nationally owned public company to form Myanmar National Telecoms, a fourth telecoms operator. “Applications closed on January 8 and received seven […]

Fourth Telco Operator to be Named in Mid-2016

  The government expects to select the fourth telecommunication operator in the months of June or July, an official said. U Chit Wai, deputy permanent secretary of the Ministry of Communications and Information Technology (MCIT) and a member of the Tender Selection Committee, told Myanmar Business Today, “One of the foreign companies will be selected […]

In Myanmar and Thailand, two militaries moving in opposite directions

Kevin Rafferty says as the generals in Myanmar cede power in the historic handover to civilians, Thailand’s ruling junta should remember the dangers of prolonged military rule on a nation’s economy and social fabric. Who would ever have imagined it – singing karaoke, dancing and joking. This was not some theatre vaudeville event but the […]

Burmese oil explorer keen to invest in India

A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]

Digicel’s Myanmar deal adds to Islamic finance landscape

May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]

Most Chinese tourists prefer e-visas

Chinese nationals top the list of foreigners who enter Myanmar using an eVisa (visa on arrival), according to the Immigration Department at Yangon International Airport. A total of 18,700 Chinese nationals entered the country using visas on arrival in the first two months of this year. More than 300,000 foreigners, mostly Chinese, have used this […]

E-visa drives out visas on arrival

The number of foreigners using visas on arrival has been declining after the introduction of e-visa system, according to the Immigration Department. The e-visa system was launched on September 1, 2014 for 41 countries, most of which are in Asia. On October 2, 24 more countries were included in the programme, including several European countries. […]

Norconsult sets sights on global market

It is a challenging time for the global environmental consulting and wider support services sector. However, the Nordic region appears to be bucking this trend somewhat and certainly seems to have avoided the doldrums suffered elsewhere in Western Europe over the last few years. Identified by the Swedish Federation of Consulting Engineers and Architects in […]

South Africa interests to invest in Myanmar

YANGON—A business forum was held at the Park Royal Hotel this week to increase cooperation and boost trade ties between Myanmar and South Africa. A business delegation led by South Africa’s Deputy Minister for International Relations and Cooperation, Ebrahim Ismail Ebrahim, is visiting Myanmar to explore investment possibilities here and to invite the country’s investors […]