ATM Growth Slows in China, India, Picks up in New Markets

The number of ATMs worldwide reached a record 3.3 million in 2016, however, the rate of expansion slowed to 3 percent, down from 5 percent in 2015, according to the RBR report, Global ATM Market and Forecasts to 2022. The decline has largely resulted from rationalization in western Europe and markets such as Brazil and […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]

Myanmar to Receive Revenues from China-Myanmar Crude Oil Pipeline

Myanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U Htin Kyaw’s state visit to China. Now, imported crude […]

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 […]