Mobile phones see phenomenal growth: report

Myanmar’s mobile subscription count grew 87 percent year-on-year, to 10.7 million at end-September 2014, pushing mobile penetration to 19.9 percent, up from 12.5 percent at end-2013, according to global analyst firm Ovum in a press release on March 12. According to the latest forecast report, mobile subscriptions will grow at a 21 percent CAGR, to […]

Singaporean firms seek cooperation to invest in Myanmar’s ICT sector

Seven Singaporean companies in the information and communications technology sector are in discussions with local counterparts to seek cooperation to invest in Myanmar’s ICT sector, according to the Infocomm Development Authority of Singapore (IDA). Leading Singaporean firms 2C2P, ChainWorld Communication Technology, Converged Solutions, ERS Industries, Singapore Telecommunications Ltd, ST Electronics (Training & Simulation Systems), and […]

7.8% annual growth for 6 years seen for Myanmar auto market

Myanmar’s automotive market is likely to grow at a compound annual growth rate (CAGR) of 7.8 per cent from 2013-2019, driven by a growing economy, infrastructure development and increasing income. DushyantSinha, associate director for automotive practice, Asia-Pacific, at market researcher Frost & Sullivan said that real growth is likely to start only after 2014. Frost […]