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 $600,000
April 27, 2017 by
As Tour Operator in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000. Mike Than Tun Win, chief executive officer of Flymya.com, […]
Myanmar Payment Union to Upgrade ATM Card System
August 8, 2016 by
RANGOON — The Myanmar Payment Union (MPU) signed with Vietnamese telecom multinational FPT and the National Payment Corporation of Vietnam (NAPAS) on Sunday to initiate a financial switching system, Zaw Lin Htut, chief executive officer of the MPU, told The Irrawaddy. As MPU’s partners, FPT and NAPAS will—starting this year—help facilitate a system upgrade for ATM […]
Military-Linked UMEHL Transitions Into Public Company
April 4, 2016 by
Yangon — The Union of Myanmar Economic Holdings Limited (UMEHL) announced on Thursday that, after being linked to the military for more than two decades, the conglomerate has transitioned into a public company. According to state-run media, shares for UMEHL, which was founded in 1990 with two shareholder groups, will be consolidated into one group. […]
APR Engery’s Kyaukse power plant project extended through 2016
November 20, 2015 by
APR Energy plc, a global leader in fast-track power solutions, announced today that its 102MW project in Myanmar has been extended through 2016, with financial terms similar to those in the initial agreement, according to statement from the company on 17 November. The original contract for the plant, signed in February 2014, was the first […]
Apollo Towers awarded 700 new telecom towers from Telenor
May 21, 2015 by
YANGON, Myanmar – Apollo Towers Myanmar Ltd. announces that it has signed a new purchase order of more than 700 new telecom towers with Telenor Myanmar Ltd. The appointment of Apollo Towers Myanmar supports Telenor’s plan of continuing its rapid roll out of a modern mobile communications network in the country. Telenor Myanmar is eager […]
Telenor plans September launch
June 9, 2014 by
Norway-based telecommunications company Telenor is planning to launch its network in Myanmar in September, it announced in a June 3 news release. Telenor says it will launch the network after building 1,000 mobile phone towers, and it plans to erect up to 400 a month until it has a total of 8,000. Telenor’s 3G network […]
Thai-Myanmar medical collaboration inked
March 24, 2014 by
World Medical Centre, a branch of Bangkok Chain Hospital (BCH), has signed a memorandum of understanding with Family Mandalar in Myanmar to undertake the former’s first operation outside Thailand. WMC aims to become a medical centre in Asean over the next three to five years. Dr Chalerm Harnpanich, chief executive officer of BCH, said that […]
Private Myanmar newspapers struggle to stay afloat
March 18, 2014 by
YANGON, Myanmar (AP) — With tears in his eyes, the chief editor scoured the last-ever edition of his newspaper before sending the proofread copy to the printing press. His once-bustling newsroom was quiet. Some reporters cleared their desks while others tried to cheer up their boss with words of gratitude, or even some homemade pork […]
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