Myanmar’s wireless market heating up

YANGON — Competition in Myanmar’s mobile phone market is getting fierce. With sustained downward pressure on prices, the industry fears it could squeeze itself out of profitability. And things could get worse. Last July, Myanmar’s Ministry of Communications and Information Technology said it would invite bids for a fourth mobile phone operator’s license. At first, […]

Foreign firms eye new Myanmar telecoms licence despite inexperienced partners

Jan 25 Seven foreign firms are interested in bidding for Myanmar’s fourth telecoms license, a government official said on Monday, as the prospects of one of the region’s least connected nations outweigh the challenges of a partnership involving obscure local firms with scant industry experience. Chit Wai, deputy permanent secretary of the Ministry of Communications […]

Yangon KFC operator upbeat on post-election economy

Myanmar’s first KFC restaurant has thrived since opening in Yangon in July, with people regularly seen lining up outside the shop to buy the various chicken dishes on offer. The franchise is operated by Yoma Strategic Holdings, the Singaporean subsidiary of Myanmar conglomerate Serge Pun & Associates. Serge Pun, SPA’s founder, is known as the […]

Myanmar launches Thilawa industrial zone

THANLYIN, MYANMAR — Dignitaries from Myanmar and Japan on Wednesday launched the first phase of a huge industrial zone on the outskirts of Yangon, as the long-isolated nation pushes to rapidly accelerate its industrialisation. Housing everything from children’s toy manufacturing to a car assembly plant and a deep-sea port, the Thilawa Special Economic Zone (SEZ) […]

CDNetworks Taps Myanmar Market with Secure Websites and Mobile Access

CDNetworks has expanded to Myanmar with a new telecommunications business and newly established points of presence (PoPs) in partnership with its parent company KDDI Group, the South Korea-based global content delivery network said. CDNetworks’ PoP in Myanmar increases its network coverage to 13 locations throughout Southeast Asia. Toru Maruta, chief technical officer of CDNetworks, said, […]

After decades of decay, Myanmar bets on Thilawa to lead industry boom

From the banks of the Yangon River rises Myanmar’s great economic hope, a $1.5 billion manufacturing complex designed to lure investment and help the impoverished country compete in the global marketplace. The first phase of the 2,400-hectare (5900-acre) Thilawa Special Economic Zone (SEZ), an hour from the commercial capital Yangon, is only months away from […]

Sumitomo wins order for thermal power generation facilities in Myanmar

Sumitomo Corp. has won a 5 billion yen (about $41.4 million) contract to construct two thermal power generation facilities in Myanmar with a combined output of 50 megawatts (25 megawatts each). The contract was awarded by the Myanmar Electric Power Enterprise, a state-owned power provider under the supervision of the Ministry of Electric Power, the […]

Foreign money flows into Myanmar

YANGON — Foreign companies are making a full-fledged inroads into Myanmar, spurred by rising wages in Thailand and other neighbors and the establishment of industrial parks there. This year is expected to bring the greatest amount of investment by Japanese and other foreign firms in Myanmar’s history, but many problems remain to be solved, including […]

Thilawa SEZ Shares to Go on Sale to Raise $21 Million

Shares of Myanmar’s Thilawa Special Economic Zone (SEZ) will go on sale in March in a bid to raise $21.8 million to fund the first phase of construction of the SEZ near the country’s commercial hub Yangon. The plan was announced last week at a news conference by U Set Aung, chairman of Thilawa SEZ […]