Military Conglomerate Hoping for More JVs

U Hla Moe, general manager of the planning department for the military conglomerate Myanma Economic Holdings Limited (MEHL), spoke to The Myanmar Times for an exclusive interview on operating as a public company, the outlook for joint ventures with foreign firms and competing on a level playing field in Myanmar’s new economy. The military established Myanmar Economic […]

Viettel picked for fourth telecoms tie-up with military partner

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 ministry, was one of seven foreign companies […]

Who’s who: Myanmar’s new cabinet

Take a look inside the National League for Democracy’s new proposed government with insider profiles of the party’s 18 candidates for ministerial posts: Daw Aung San Suu Kyi (foreign affairs; president’s office; education; energy and electric power) The National League for Democracy leader needs little introduction. Has vowed to rule “above the president”, and with […]

New location for cancelled Shwedagon project

  The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]

Gateway guidelines to boost telecoms

The government has released draft guidelines on international gateway services – which connect the networks of different countries – in a move industry officials say will help boost competition and lower prices in Myanmar’s telecoms market. After a banner year for mobile communication in Myanmar, the Ministry of Communications and Information Technology (MCIT) is tackling […]

YCDC Lost Millions in Park Leasing Process: Auditor General

The Yangon City Development Committee (YCDC) has lost millions of dollars in the process of leasing recreational parks in Yangon to private companies, the Auditor General of Yangon region said at a special meeting of the regional parliament. “The country is losing money on the leases of parks in Yangon. YCDC’s playgrounds, parks and gardens […]

London Accused of Hypocrisy While Preaching Myanmar Transparency

The British government has been sharply criticized for hiding behind “commercial confidentiality” rules relating to Myanmar while calling for business transparency in the Southeast Asian nation. The London Foreign and Commonwealth Office has refused all requests for information about British companies’ activities in Myanmar, “using commercial interests and commercial confidentiality as an excuse,” said the […]

Yangon’s new economic hub project set to go ahead

Plans to build a new economic hub in Yangon are underway with or without of assistance from Japan, according to the Yangon City Development Committee (YCDC). The Mindhamma Project is planned to become Yangon’s second economic city to relieve traffic and congestion from an overcrowded downtown. “Japan has previously told us to carry out the […]