Pocket change: Myanmar banks on mobile money

YANGON – Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now she just pings off a text to move the money to her children back home as mobile banking sweeps into a country whose people have for decades been locked […]

Woodside to Drill At Least Four Wells Off Myanmar in 2017

Australian energy company Woodside said it is planning to boost its drilling campaign offshore Myanmar with the potential commercial viability of recent gas finds in the area. Earlier this year, Woodside discovered 32 metres of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1 exploration well and 62 metres net gas pay in […]

Myanmar’s golden pearls outshine rivals

NAYPYITAW — Hillary Clinton wears them, and so does Aung San Suu Kyi. They nearly disappeared for decades under military rule, but the world’s most sought-after pearls are once again to be found in Myanmar. Two international auctions this year — in Hong Kong in March and Naypyitaw in late June — saw traders bid […]

Australian investor to build vinery in Chin State

AN Australian leading grapes wine manufacturer plans to establish a winery in Haka, the capital town of Chin State, this year. A member of Chin State Government said the name of Australian company will be revealled when the project initiates in the region. In cooperation with the state authorities, the implementation of such production business […]

Eumeralla expects mining permit this year

Australian mining firm Eumeralla Resources expects to receive a permit to explore for tin and tungsten in Kayah State by September of this year – three years after it first applied, the firm announced this week. The company expects the exploration permit to be granted in the second or third quarter of this year, it […]

Australian coffee franchise plans Myanmar expansion

The local operator of Australian coffee franchise Gloria Jean’s has recently opened its first branch in Yangon and plans to open at least eight more outlets across the country. Seezar Soesan, which holds the sole rights to operate the Gloria Jean’s franchise in Myanmar, opened its first cafe in Myanmar Plaza in January. Its second […]

MyanmarCarsDB Pulls Ahead With Frontier Digital’s Investment

Humble founders of digital startups can take heart: Just because a deep-pocketed foreign company plants web stakes in a less developed country doesn’t necessarily spell doom for the little guy. There’s a significant proviso, though, that wasn’t true a decade ago: the first mover startup needs to attract generous angel investors pretty early on. Despite […]

Australian project to combat Myanmar snakebite deaths

YANGON, Myanmar (AP) ” Australia is funding a three-year, 2.3 million Australian dollar ($1.8 million) project that will aid snakebite victims in Myanmar by upgrading care facilities and the quality and availability of antivenom. The University of Adelaide says Australia’s Department of Foreign Affairs and Trade has awarded it the grant for the project, to […]

Australian Law Firm Webb Henderson appointed as Legal Counsel for Ooredoo

Webb Henderson has ventured some distance from its humble origins as a trans-Tasman firm with its latest achievement: the firm has been appointed as legal and regulatory advisors to Qatar, Abu Dhabi and London-listed communications company Ooredoo for its Myanmar operations. The firm is advising Ooredoo on strategic regulatory, corporate and commercial matters as Ooredoo […]