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Mango Media Continues to Lead Myanmar’s Advertising Companies

Mango Media, Myanmar’s largest media agency, has maintained its top position among media agencies in the country, with total of $44 million USD worth of advertising placements for its diversified clients in 2017. According to the July 2018 RECMA Report, a qualitative evaluation of media agencies in Myanmar for 2017, Mango Media has cornered more […]

Myanmar races to feed a growing Yangon

YANGON/BANGKOK — Rapid urbanization in and around Myanmar’s southern city of Yangon has turned up the pressure to develop goods and services that can meet the rising demand. The gap has provided an opening for companies in one of Southeast Asia’s least-developed countries. Local real estate and construction conglomerate Dagon International set up a modern […]

Edotco takes over Ooredoo’s energy assets, management of telecoms towers

Telecoms tower firm Edotco signed with Qatari operator Ooredoo yesterday to take over energy assets and management of 1,250 tower sites across Myanmar in order to improve operational and energy efficiencies. Edotco Myanmar, which belongs to the Malaysian telecoms giant Axiata Group subsidiary Edotco group, will now be able to provide and manage energy for […]

Myanmar consumers shift habits: study

Myanmar consumers in major cities evolved from a generation of necessity to a generation of need for social appearance and lifestyles, according to a Thai-based behavioural consulting research firm, which attributed the shift to the increase of disposable income of workers amid economic growth during the past few years. Envirosell Thailand, which conducted a study […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

Businesses push for better communications with Nay Pyi Taw

THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and foreign investors at a recent investment forum held in the country’s capital. Investors in Myanmar would like to see a push towards further liberalisation of the economy. More people are taking part in the private […]

Myanmar aims to attract more travelers from Japan

The ministry will be setting up booths which will showcase the pristine beaches and islands of the Myeik archipelago. Regional tourism ministers of Tanintharyi Region, Kayah, Rakhine and Kayin states would also be attending the expo to promote tourism development in their areas, the Ministry of Hotels and Tourism said. Among those that will be […]

KBZ Appoints New CEO

RANGOON — Burma’s largest private bank, KBZ, has hired a banking expert to act as a special advisor to the bank’s chairman U Aung Ko Win. The announcement from KBZ on Thursday said special advisor Mike DeNoma was also appointed chief executive officer of the bank while the KBZ heiresses executive directors Daw Nang Lang Kham and Daw […]

Flymya.com acquires UK technology for $600,000

As Tour Operator in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000. Mike Than Tun Win, chief executive officer of Flymya.com, […]