Registered outbound tour operators reach over 400 in Myanmar

The Ministry of Hotels and Tourism has permitted over 400 outbound tour licenses to operators since its initiation in late 2015, according to the ministry. Tourism in Myanmar is growing rapidly and has received increased interest from investors thanks to the country’s sweeping reforms. International tourist arrivals increase significantly year by year, while some local […]

Myanmar awards fourth telecoms license as mobile market heats up

Myanmar on Thursday awarded its fourth – and final – telecoms license to a joint venture between Vietnam’s telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority-Myanmar operator. Military-run Viettel will have a 49 percent stake in the new venture called Myanmar National Tele […]

Myanmar’s emergency services in dire state

YANGON • With lights flashing and sirens blaring, volunteer ambulance driver Myint Hein weaves through traffic-choked Yangon, a lifeline in Myanmar where healthcare was crippled by decades of chronic underfunding during junta rule. Emergency services were one of the many casualties of meagre public spending, and the retired bus driver is helping to plug gaps […]

FMI, Lippo Rolls Out $420-m Hospital Partnership

First Myanmar Investments Co Ltd (FMI) and Indonesian conglomerate Lippo Group have officially launched a healthcare joint venture with a $420 million national roll out in Myanmar. The joint venture is targeting up to 20 hospitals in its national network over 10 years focusing on the first 12 hospitals within the next three to five […]

First Myanmar Investment Announces Expansion After Record Profits

YANGON — First Myanmar Investment Company (FMI) has announced plans for expansion in four sectors of Myanmar’s economy before the end of the current fiscal year, on the back of the conglomerate’s highest ever profit results. Chairman Serge Pun told investors at FMI’s 22nd annual general meeting that the company would be expanding its operations […]

Canadian embassy comes to town

The newly opened Canadian embassy in Yangon may not have the size of the large US embassy on University Avenue or the prominence of the Australian and United Kingdom’s buildings on Strand Road, but officials hope it will help strengthen relations between the two countries. Foreign minister John Baird officially opened the office in Centrepoint […]

Telenor will partner with INGO on ‘tele-medicine’ services

Telenor Myanmar and the non-profit health organisation Marie Stopes International announced last week that they will be partnering on an initiative to connect isolated communities with healthcare professionals via smartphone. Initially the project will be focused on young children and expectant mothers, according to a joint statement from the partners, but they plan to eventually […]

Myanmar pharma sector expected to grow 10-15%

MYANMAR’S pharmaceutical industry is expected to rev up 10-15 per cent a year thanks to the government’s increasing spending on healthcare. The Myanmar Pharmaceutical and Medical Equipment Entrepreneurs Association made the forecast at the recent “Myanmar Medi-Pharm Expo”, signalling confidence in the future of the nascent market now estimated to be worth about US$100 million […]