Telenor and MPT apply for spectrum auction

Telecoms companies Telenor and state-owned MPT will be among the potential bidders at a long-awaited auction for more broadband spectrum next month, while rival telco Ooredoo has decided to wait for a separate auction it expects to happen later in the year. Spectrum – the radio frequency on which communication traffic can be sent – […]

Govt Invites Proposals for New Hotels in Myeik Archipelago

RANGOON — The Myanmar Investment Commission (MIC) is inviting proposals for new hotel projects in the Myeik Archipelago, which will be assessed for environmental friendliness in cooperation with the Tenasserim Division government. The development of the archipelago in Burma’s far south for “eco-tourism” is prioritized in the Tourism Master Plan 2013-20, which was devised under […]

Myanmar offshore exploration continues despite low oil prices

Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]

Headwinds for Myeik cold storage factories

Electricity shortages, declining fish stocks and rising labour costs are clouding the outlook for cold storage factories in southern Myanmar, industry insiders say. In the Tanintharyi coastal region, which is not connected to the national grid, factories have to provide their own generators to ensure a reliable power supply, while fishermen are reportedly catching 60 percent less fish than […]

Industrious Myeik: Gateway to an island paradise

Even amid all the tourist glories of Myanmar, the town of Myeik is a diamond in the rough. Long neglected under the military regime, Myeik seduces the first tourists to find their way here. Between the picturesque islands of Pahtaw and Pahtete, opposite the seafront of Myeik, there is a soft-shell crab farm. Its products […]

Thai Investors Lured to Open Airline, Hotel Projects in Myanmar, Cambodia

Thai investors are being encouraged to open airline and hotel projects to support tourist industry in Myanmar and Cambodia, said Thai Tourism and Sports Minister Korbkarn Watanawrangkura. Myanmar and Cambodia have launched promotional campaigns in competition with Thailand to draw more visitors than ever from around the globe. But large-scale investment projects, especially in airline […]

Rubber industry to be stamped with new law

A new law is being drafted to promote Myanmar’s rubber sector, as the commodity’s international value plummets and a number of plantations across the country are forced out of business. The law is being drawn up under Myanmar’s National Export Strategy, said U Khine Myint, secretary of the Myanmar Rubber Planting and Producing Association (MRPPA). […]

Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]

End of a way of life: Burmese islands that are home to 2,000 sea gipsies set to be turned into ‘new Phuket’ with 30 hotels and a casino

Mergui Archipelago in Burma is home to 800 untouched islands but officials says this could soon change 30 hotels and resorts have been given the green lights and officials say these could attract eco-tourists and divers Only 2,612 tourists visited the islands last year, but this is set to soar if plans are given the […]