Myanmar: 45 Million Mobile Phones And The $19 3G Smartphone – Forbes

The photo above shows a shiny new $19.44 smartphone for sale in Yangon.  When I saw this in small corner shop on Anawrahta Road near Pansodan a few weeks ago, the 23,000 kyat (at 1,183 kyat/US$1) price included one SIM card. As you can perhaps see, it’s 3G capable and has slots for two SIM […]

Myanmar citizens disregard wealth as a main source of happiness

The World Happiness Report 2016 reported Myanmar as one of the least happy countries the planet in March, ranking The Golden Land 119th out of 156 countries – but some in Myanmar have taken issue with the parameters. The report measures happiness using metrics such as GDP per capita, perceived freedom to make life choices, government corruption […]

Bogyoke shopkeepers talk hopes and fears

Local businesses at Yangon’s most famous bazaar, Bogyoke Market, are banking on the new government for better economic times. Since 2011 there has been an unprecedented influx of foreign tourists, and nowhere are they more evident than at the 90-year-old Bogyoke Market. Despite this, vendors said they have faced an economic downturn over the last […]

Handicrafts Prospects Good, but Low Price, Illegal Exports Hurt

Myanmar has a long tradition of producing handicrafts ranging from wood carving to lacquerware to sword making, but this has been slow to turn into an organised industry even as the market for these items has risen. Myanmar’s handicraft market for both local and foreign buyers has grown in the last couple of years, and […]

Yangon University dithers on WiFi

RedLink has pledged to provide free WiFi at Yangon University, but the campus has not yet decided to accept the offer, according to U Myo Myint Nyunt, assistant general manager of sales at the internet service provider. “We haven’t reached an agreement with Yangon University to provide the service, because the university hasn’t replied to […]

Yoma’s Landmark inks Japanese financing deal

Singapore-listed Yoma Strategic has signed a memorandum of understanding with Japan’s Mitsubishi Corporation and Mitsubishi Estate to invest in its Landmark property development in downtown Yangon. The project will see two million square feet of mixed-use residential, commercial, retail and hospitality developments built on a 10-acre property next to Bogyoke market in Yangon’s downtown area. […]

Myanmar approves Ks 425 billion for new construction projects

The Myanmar government has approved Ks 425 billion (US$ 438 million) to be used for three construction projects in Yangon, sources say. The projects will be implemented over three years, with half of the profits from each project to be shared with Yangon City Development Committee (YCDC). Shwe Taung Junction City Development Co Ltd will […]