Video Streaming Key in Fight for Myanmar Mobile Subscribers

YANGON — With faster mobile connections in place and smartphone use on the rise, discount data plans on video services have become a key strategy for Myanmar’s mobile carriers in their fight to attract new subscribers. In June, Myanma Posts and Telecommunications, the country’s biggest carrier, started to offer discounted data plans to view YouTube content and local […]

Once controversial oil refinery to open in Yunnan this month

A petrochemical facility near Kunming, once the source of grave public concern, is preparing to open for business later this month. Owned and operated by PetroChina, the factory 28 kilometers west of the provincial capital in Anning (安宁), is the first of its kind in Yunnan, according to a company press release. The refinery will […]

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 […]

VPower Launches HK$1.94 bn IPO to Fund Expansion into Emerging Markets

Hong Kong generator and engines firm aims to target supply-short countries in Africa and Middle East VPower Group, which generates electricity from natural gas and diesel-based engines in regions of China and Southeast Asia short of energy supply, aims to raise HK$1.94 billion via an initial public offering to fund further expansion, particularly emerging markets […]

Turkish Powership Sets Sail

A Turkish-built floating power plant capable of generating 480 megawatts will cross the seas to Myanmar next year to help beat blackouts in the Yangon region. The Karadeniz Powership Onur Sultan was launched in Istanbul on November 13. Karadeniz Holding officials said the vessel – which they called the “world’s largest floating power plant” – […]

Dutch Firm Invests in Local Feed Factory

After five years of importing Vietnamese products into Myanmar, Dutch animal feed company De Heus has opened a factory in Myanmar to start producing for the local market directly. The firm is starting with a 10 million euro (K14 billion; US$11.2 million) foreign direct investment and aims to produce 240,000 tonnes of feed a year […]

Myanmar: Ground Zero for China-India Energy Competition | Geopolitical Monitor

Since the early 1990s, China’s remarkable economic growth has led to a dramatic increase in its domestic energy needs, prompting its state-owned national oil companies (NOCs) to embark upon a worldwide search for oil and gas reserves. This strategy has been successful in diversifying import sources and satisfying the demands of a growing economy, yet […]

Panasonic to expand smartphone business to Bangladesh, Myanmar

Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks to cash in on the booming demand for mobility devices in the region. Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks […]

Pacific World expands footprint into Myanmar

MYANMAR’s emerging MICE sector and improving infrastructure have caught the attention of global DMC and event management company Pacific World, which has announced its expansion into the country through a partnership with Yangon-based inbound tour operator Myanmar Polestar. Selina Chavry, global managing director for Pacific World, commented: “Myanmar has been working to position itself as […]

Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar

Swiber Holdings Limited, a Singapore-based offshore construction services provider to the oil and gas industry, reported Tuesday that it has won three contracts, worth $215 million, in the Middle East and Southeast Asia. The firm clinched an engineering, procurement, construction and installation (EPCI) contract from a European oil major to perform pipeline replacement work in […]