AYA Bank to Launch Mobile Wallet

AYA Bank announced that it is soon to launch its AYA Pay mobile wallet. Designed to meet the growing needs of a mobile population, the platform will harness the latest financial technology solutions to deliver reliable, secure and instantaneous payments, according to the bank. “We hope that soon AYA Pay’s unique financial ecosystem will be […]

AIA formally launches operations in Myanmar

AIA formally launched its operations in Myanmar with an opening ceremony on January 18, marking its entry into what is considered the new frontier for insurance in Southeast Asia. The launch event was dubbed ‘UN in Yangon’ (Un is French for ‘one’), and featured performances from top singers in Myanmar, including Esther Dawt Ching Sung, […]

Krisplaza sales to launch in Yangon and Nay Pyi Taw

LSC-FMI Co., Ltd, the strategic joint venture between First Myanmar Investment Co., Ltd. (FMI) and Lighting Specialist Co., Ltd. (LSC), announce the launch of sales for KrisPLAZA, a new US$24 million residential and commercial development in a premium Nay Pyi Taw growth location on February 18. Earlier this month, the FMI and LSC collaboration, KrisPLAZA, […]

Ooredoo clicks on Microsoft ahead of network launch

As Telecom operator Ooredoo prepares to launch its mobile network here in August it is hyping a slew of new partnerships and deals with global companies that it hopes will give it the edge over its rivals, as well as drum up attention to its service. The latest announcement is a deal with software giant […]

Big gas turbine tender to launch

Subscribe to our tender alert mailing list Myanmar’s ageing natural gas turbines are due for renovations as the Ministry of Electric Power (MOEP) plans a tender this year, according to officials. The mostly American-made GE turbines have generally been operating for over 40 years, fuelled by onshore natural gas, and are well past due for […]

Myanmar search engine to launch in July

As online and mobile technology takes off, how will people search Myanmar-language content? The answer is uncertain: The country has one of the lowest internet penetration rates in the world and, so far, no very good search tools. That’s why Bindez, a local start-up, is working on it. Nurtured through Project Hub’s 2013 fellowship for […]

Myanmar launches first crisis management centre

Myanmar will launch its first crisis management centre on Wednesday to help authorities react more quickly and effectively to emergencies. Funded by the European Union, and costing some 300,000 euros, it will be based in Myanmar’s capital, Nay Pyi Taw. YANGON: Myanmar will on Wednesday launch a crisis management centre, the first of its kind […]

Telenor SIM cards set to arrive in September

Telenor will launch their K1500 SIM cards in September, CEO Petter Furberg announced last week. The over-the-counter sales will require no pre-registration. “The fixed-price cards will work immediately on insertion into the phone,” he said, adding that the cards would be sold to anyone producing an identification card. Mr. Furberg said “The 3G network will […]

Telenor plans September launch

Norway-based telecommunications company Telenor is planning to launch its network in Myanmar in September, it announced in a June 3 news release. Telenor says it will launch the network after building 1,000 mobile phone towers, and it plans to erect up to 400 a month until it has a total of 8,000. Telenor’s 3G network […]

Allen & Overy expands into Myanmar

Allen & Overy (A&O) has become the first magic circle firm to enter into Myanmar, with the launch of an office in Yangon. A&O’s Yangon office provides international legal services and will not practise Myanmar law. The new office is managed by Bangkok managing partner Simon Makinson and currently has two associates and two support […]