Vietnamese mobile carrier enters Myanmar in foreign drive

HO CHI MINH CITY — Viettel Group, the largest mobile network operator in Vietnam, said it will launch its services in Myanmar next month. Myanmar will be Viettel’s 10th foreign market, following the launch of operations in countries including Cambodia, Laos and Mozambique. Viettel, owned by Vietnam’s Defense Ministry, said on Tuesday it had successfully […]

Reliance Industries exits from overseas oil and gas blocks

New Delhi: Reliance Industries has exited the last of its overseas oil and gas assets after it relinquished two blocks in Myanmar. “Relinquishment of Myanmar Block M17 and M18 on completion of study / others technical evaluation assessment period,” RIL said in an investor presentation post announcing its second quarter earnings. With this, the oil-to-telecom […]

Telecoms battle to unlock demand in emerging Asia

TOKYO/YANGON — In a tiny village in central Myanmar, about a two-hour drive from the nation’s second largest city Mandalay, electricity does not arrive through power lines. It comes from home generators or solar panels. But that does not stop the locals from charging their smartphones. “How many of you have a mobile phone?” the […]

Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

NEDA mulls soft loan to Myanmar for Dawei road link

THE NEIGHBOURING Countries Economic Development Cooperation Agency (NEDA) is considering a soft loan of about Bt4 billion to Myanmar to finance the construction of a 138-kilometre two-lane road from Dawei in Myanmar to Phu Nam Ron in Kanchanaburi province. Construction is expected to commence next year. The road would boost trade and investment between Myanmar […]