MIC issues 13 new business permits in August, including one for beer

The Myanmar Investment Commission (MIC) has approved the issuance of 13 permits, including one for a beer joint venture in Mandalay. Eight foreign businesses and 5 Myanmar citizen businesses were approved at a recent 12/2017 meeting, according to Deputy Director General of Directorate of Investment and Company Administration (DICA) U Than Aung Kyaw. This includes […]

Mytel to Target Rural Areas and Compete on Price

​​ Myanmar’s fourth and final telecoms firm – operating under the brand name Mytel – will make use of the AAE-1 submarine cable, infrastructure belonging to state-owned MECtel and try to beat its rivals on services charges, its external relations officer said at press conference last weekend. Mytel is made up of Vietnam defence ministry […]

Fourth telco talks hit sticking points

Myanmar’s fourth mobile operator should have applied for its licence by now, according to a proposed timeline released earlier this year by its joint-venture formation committee. But the parties involved – preferred foreign partner Viettel, government shareholder Star High Public Company Limited and local consortium Myanmar National Telecom Holding Public Limited – are still at the […]

Boozy battle-ground: a turf war brews in Myanmar

At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. All over Myanmar, domestic brands such as Myanmar […]

Viettel picked for fourth telecoms tie-up with military partner

Subscribe to our tender alert mailing list Hanoi-based telecoms operator Viettel has been granted the right to negotiate with a local consortium, including a military-run partner, with a view to receiving a minority stake in a company that is likely to be awarded Myanmar’s long-anticipated fourth telecoms licence. Viettel, which is owned by Vietnam’s defence […]

Yangon port suffers shortage of palm oil storage space

Due to a shortage of tanks for storing palm oil in the Yangon port, ships carrying palm oil have been forced to wait at the entrance of the port, according to an announcement released by the Myanma Port Authority. “In the 2014-15 fiscal year, private companies imported 502,536 metric tonnes of palm oil on 111 […]

One more Myanmar int’l port terminal put into service in Yangon

One more Myanmar int’l port terminal put into service in Yangon YANGON, March 9 (Xinhua) — A newly-completed international port terminal in Myanmar’s Yangon has been put into service, according to the Myanmar Economic Corporation (MEC), which funded the project, on Monday. The newly-opened Ahlone International Port Terminal-1 is close to Yangon downtown area and […]

E top-up service to spread nationwide

Red Dot Network, a mobile phone service provider in Myanmar, plans to expand the country’s first top-up service nationwide in the near future. Andy Whelan, chief marketing officer, said the firm wanted to become the foremost provider of electronic top-up service and payment solutions in the country. The pioneering system of Red Dot represents the […]

Questions Surround 4th Telecom License, After Military Firm Name Emerges

YANGON — A Ministry of Communications and Information Technology official has denied a report that a military-owned conglomerate has been selected to become Myanmar’s fourth telecom operator, after a state-owned newspaper this week announced that the conglomerate was awarded a mobile phone license. The Mirror, a Burmese-language government mouthpiece, mentioned in an article on Thursday […]

Information on Responsible Business Practices Largely Absent: Survey

Most Burmese companies provide little to no information on whether they have policies on responsible business practices, a survey among 60 major firms has found, and almost half did not even have a website with general information about their activities. A report by the Myanmar Center for Responsible Business, released on Tuesday, surveyed how much […]