MyTel has invested $1b in Myanmar network

Myanmar’s newest mobile operator MyTel has already invested $1 billion in its nationwide operations, and plans to invest $2 billion within its 15-year license period. The operator, a joint venture between Vietnam’s Viettel, government-led Star High Public Company and a group of local technology companies, has deployed more than 5,000 base stations since securing Myanmar’s […]

RFP for Investment, Design, Development and Operation of a New Hospital at Thilawa, Closing date: 6 July 2018.

Thilawa Property Development Limited is the developer of the Residential and Commercial Area of Thilawa SEZ. We are seeking proposals from well reputed, financially sound companies with similar existing experience for the following project: Investment, Design, Development and Operation of a New Hospital (a) Security deposit of 100,000,000 Kyats (One Hundred Million Kyats) is required […]

Closing the global and national digital divide

In the last couple of decades, the “digital divide” was narrowly defined by people’s access to the internet. Myanmar, of course, had very poor internet connections as recently as six years ago. In 2012, this country’s internet penetration was a mere eight percent of the population. In 2018, with four mobile phone operators in a […]

As Myanmar eats more meat, Sumitomo to sell drugs for livestock

Trader aims for $1 billion in sales of pharmaceuticals for animals TOKYO — Japanese trading house Sumitomo Corp. is set to start selling drugs for animals in Myanmar later in March as part of an effort to enlarge its presence in what it expects to be a lucrative global market for drugs for livestock and […]

Foreign insurance companies to be allowed to enter Myanmar

Foreign insurance companies will be allowed to run in Myanmar under the arrangement of the Insurance Supervisory Committee, said Dr Sandar Oo, managing director of Myanma Insurance, during Myanmar Insurance Summit 2018 held at Sule Shangri-La Hotel in Yangon on February 22. “If foreign insurance firms are allowed to operate here, they will bring here […]

Markets in Yangon to be upgraded says Chief Minister

At the inauguration of Danyingone wholesale market on Tuesday, Yangon Chief Minister Phyo Min Thein said that plans were underway to upgrade 170 markets in Yangon. “When we take over administration, there were 174 markets in Yangon. Our new government decided to do upgrading works of these markets. Most of the venders are selling things […]

DICA Advocates for Investment in Conflict Zones

By the end of the month, the Myan­mar Investment Commission will open a branch office in Sittwe to “provide a solution to re­gional conflict,” U Than Aung Kyaw, Deputy Di­rector General of Direc­torate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]

Govt Eyes Six Billion Dollar Foreign Investment in 2017-18 Fiscal Year

NAYPYITAW — The Myanmar government is seeking to attract US$6 billion in foreign direct investment (FDI) in the current 2017-18 fiscal year, according to the Ministry of National Planning and Finance. FDI in the year between Apr. 1, 2017 and Mar. 30, 2017 has so far reached more than $3.5 billion, said director general of […]

PTTEP to start exploring two offshore blocks next year

Myeik—Thailand-based PTT Exploration and Production Public Co Ltd (PTTEP) will start exploration work in the M9 and M11 offshore blocks in the Gulf of Martaban next year. The blocks are located 250 kilometres from Dawei and 270 kilometres from Myeik, respectively. The company held a public meeting to explain the upcoming exploration work on August […]

Vietnam’s Viettel to launch 4G network in Myanmar

The Military-run telecom group, Viettel is expected to offer the world’s first 4G Only network in Myanmar in the first quarter of 2018, marking its first steps in the country, according to Vietnam.net. The joint venture was granted a licence at the beginning of the year. However, Viettel has pursued the market since 2002. The […]