Rangoon Lawmakers Demand Action from Officials Over Lost Billions in Business Dealings

RANGOON — Rangoon Parliament’s bill and public accounts committees on Wednesday urged the regional government to take action against officials responsible for billion kyat losses in state-private joint ventures under the previous government. Parliamentarians discussed joint venture projects that favored certain companies by offering reduced leases on government land and other mismanagement following the committees’ reviews of […]

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 […]

Myanmar’s fourth telco gets licence at last

At long last Myanmar’s fourth telecoms operator has its licence, but the brand name under which it will operate remains under wraps and the firm will only begin providing services in 2018, according to its external relations officer. The Ministry of Transport and Communication formally awarded the firm – Myanmar National Tele & Communications (MNTC) […]

Fourth Telco Hoping to Get Licence for Christmas

​​ The director of one of 11 local firms that will form part of Myanmar’s long-awaited fourth telecom operator says the consortium will receive its telecoms licence next week. A year has passed since the government announced a tender for a fourth operator, which Vietnam defence ministry owned-firm Viettel won through dint of being the […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

Time to re-look your investment plan in Myanmar as Obama pledges to lift all remaining sanctions against Myanmar

President Obama this morning pledge that the US will lift all remaining sanction s against Myanmar after meeting Daw Aung San Suu Kyi at the Oval Office.   Currently the last remaining Myanmar tycoons on the SDN List are Steven Law of the Asia World Group U Zaw Zaw of the Max Myanmar Group U […]

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 […]

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 […]

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 […]

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 […]