KDDI: 16 million users for MPT

The parent to MPT joint venture partner KDDI Summit Global Myanmar said Myanmar’s state operator has boosted its user base by 250 percent since the firms teamed up last July. With a 16-million-strong user base the state-owned incumbent leads Myanmar’s race for mobile users. However, with Telenor’s subscriber tally coming in at just under 12 […]

Myanmar a letdown for US Companies

Buzz Over Post-Sanctions Myanmar Fades for Many U.S. Investors Initial rush for opportunities turns to disenchantment as political changes lag behind YANGON, Myanmar- Many people thought this would become one of the hottest new markets for American capital a few years ago, when the country began opening to the West after decades of military rule. […]

Myanmar makes way for foreign beverages

YANGON — The globe’s big beer and beverage makers are rushing into Southeast Asia’s last frontier. Consumers do some comparison shopping in the beer aisle of a Yangon supermarket. That would be Myanmar, where here in the largest city, Netherlands-based Heineken and Myanmar’s Alliance Brewery on July 12 jointly opened a beer factory. The Dutch […]

Entrepreneurs and investors: Three ways to make a pile of money in Burma (Myanmar)

Have you ever walked into a restaurant and seen a table full of people staring at their phones instead of talking to the real live human beings across from them? That used to never happen in Yangon, Burma … simply because no one had mobile phones. It was actually pretty nice being able to talk […]

Foreign Investors In Myanmar Can Help Lift The Nation Out Of Its Economic and Political Strife

Myanmar is a strange, two-sided coin. On the one hand, the country’s recent inflow of foreign investment and the government’s economic reforms seem to promise great growth for the impoverished Southeast Asian nation; on the other hand, genocides, protests, religious clashes and sectarian violence continue to afflict the country. While it will without a doubt […]

UN Forced Out of Billionaire Kuok’s Yangon Hotel: Southeast Asia

The United Nations is being forced out of billionaire Robert Kuok’s Traders Hotel in Yangon next month amid a tourism boom in Myanmar after housing various offices in five floors of the property since 2007. The UN signed its last lease for the hotel owned by Kuok’s Shangri-La Asia Ltd. (69) in August 2012 for […]