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Myanmar targets plastic waste in growing green movement

This year’s theme for World Environment Day is plastic pollution, a scourge on Myanmar that is more easily seen in its beaches, mountains and cities than its dearth of reliable statistics. But over the past year a string of hopeful environmental initiatives are pushing back against unnecessary waste. One example is Yangon’s “Straws Suck,” an […]

Cash is king in Myanmar, but for how long?

Since 2012, Myanmar has seen a steady economic growth, but most people in the Southeast Asian country still don’t possess a bank account and prefer to use cash for financial dealings. Ate Hoekstra reports from Yangon. “If a customer wants to buy a new vehicle, he usually brings a stack of cash with him,” says […]

VisionFund Myanmar launches loan scheme for factory workers

VisionFund Myanmar recently announced the launch of a new microfinance loan product exclusively for garment factory workers, funded by the Livelihoods and Food Security Trust Fund (LIFT), according to a press release on 16 February. The loans were first launched at the ZES garment factory located in Hlaing Thar Yar Township, with over 160 workers […]

Myanmar’s telco revolution opens new chapter

YANGON — Myanmar is three years into a telecoms boom that has changed the physical and technological landscape of the country with unparalleled speed. Since the sector was opened to foreign competition in 2014, thousands of mobile towers have sprung up around the country and more than 30,000km of fiber cable has been connected. Mobile […]

FMI Air Starts Yangon-Sittwe Flights; Introduces Upgraded Check-in

Local carrier FMI Air has begun a scheduled direct service from Yangon to Sittwe in Rakhine state. The service will run five days a week from Monday to Friday, and one way ticket will be sold for $65 during the promotion period until September 11. Mark Collins, chief operating officer of FMI Air, said, “There […]

Ooredoo to Get New CEO for Myanmar Unit

Qatari telecoms firm Ooredoo said that Rene Meza, currently managing director of Vodacom Tanzania, will replace Ross Cormack as CEO of its Myanmar business. The firm said in a statement that Cormack “has taken the decision to leave his position later this year.” Over the past two years, Ross has led the Myanmar unit from […]

Myanmar’s mobile phone revolution

Even the white cattle are fading from view in the gathering dusk of this riverside Myanmar village, the tiny lamps hanging from the traditional wooden stilt houses the only defence against a night without light. Soon the noises of quiet conversation and religious devotion will be the only sounds filling the sensory gap the darkness […]

MAXpower Inks $35-m Power Deal with Myanmar Gov’t

MAXpower (Thaketa) Co Ltd, a power generating subsidiary of Singapore-based Navigat Group, said it has started supplying power under a power purchase agreement made with the state-owned Myanmar Electric Power Enterprise (MEPE). The company said with this agreement it became “the first 100-percent foreign-owned power company to enter into a long-term relationship” with MEPE. MAXpower […]