New international cable company MYTHIC to compete with MPT

A new cable company has promised to establish the market price for international connectivity in Myanmar by laying its own cable, according to its founder and CEO U Myo Myint Ohn. Campana Group, based in Singapore with a Yangon subsidiary, will deliver international connectivity, a reliable submarine network and massive capacity at an economical price, […]

Telenor: Yangon Network Not Complete

Telenor’s network in Yangon is not complete enough, Telenor Group president and CEO Jon Fredrik Baksaas said at an informal press briefing December 2. The Norwegian telco’s top executive, who tested out Telenor’s coverage during a visit to Yangon last week, in part pinned “capacity constraints on the existing number of base stations” on traffic […]

Myanmar plans 41 new power plants in 15 years

Myanmar has mapped a 15-year power development plan to meet increasing demand, setting its sights on boosting capacity from 4,581 megawatts to over 29,000MW in 2031. According to Myint Oo, director at the Ministry of Electric Power, the plan will shift Myanmar’s focus from hydropower to other energy sources, including coal, natural gas, solar, and […]

Myanmar Economy Can Grow 8.5 Percent This Year: IMF

YANGON — Myanmar’s economy should grow 8.5 percent during the current fiscal year, higher than earlier forecast thanks mainly to rising gas production and investment, the International Monetary Fund said on Tuesday. In January, the IMF predicted that Myanmar would have 7.7 percent growth during the fiscal year that ends March 2015. The fund left […]