KDDI Brings Japanese Telecoms Technology & Know-how to Myanmar

TOKYO, Jul 5, 2018 – (ACN Newswire) – KDDI CORPORATION is implementing telecoms business operations in Myanmar, together with Sumitomo Corporation and Myanmar Posts and Telecommunications (MPT). As smartphones come into widespread use in Myanmar, demand for social networking services (SNS), video sharing services and content use is increasing. MPT has been offering LTE+ high-speed […]

Clashing with the law, SEZ body to resurrect Dawei megaproject

Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]

Myanmar needs investment, not lecturing, from West

What does Myanmar, a country perplexed by poverty, unemployment, ethnic conflicts and recently the Rohingya refugee crisis, need the most? Development. Absolutely. The answer is reaffirmed by the words of the country’s de facto leader Aung San Suu Kyi, who insists that “investments would actually help make the situation better.” However, it seems Western media […]

Govt Approves Sites For 3 New Economic Zones Along China Border

YANGON — The government approved sites for three “economic cooperation zones” in Kachin and Shan states along Myanmar’s border with China on Thursday as part of Beijing’s ambitious Belt and Road Initiative, according to the chief minister of Kachin State. U Khet Aung said the sites were approved at the first implementation meeting of the […]

Verisante Announces Signing of Definitive Agreement for RTO with Myanmar based SIM Co. Ltd.

Vancouver, British Columbia–(Newsfile Corp. – July 9, 2018) – Verisante Technology, Inc. (TSXV: VRS) (the “Company” or “Verisante”), is pleased to announce it has entered into a Definitive Agreement with Myanmar based SIM Co. Ltd. (“SIM”) dated June 30, 2018, whereby VRS shall acquire all the issued and outstanding common shares of SIM, a land […]

Far from a ‘debt trap’, China’s belt and road allows countries like Myanmar to leapfrog poverty

Andre Wheeler says Western critics overlook the holistic and long-term benefits that China’s multilateral infrastructure investment programme brings to countries like Myanmar. What’s more, they aren’t offering any alternatives A plethora of articles have discussed the risks associated with China’s Belt and Road Initiative. The discussion is often portrayed within a “winners versus losers” framework, […]

Retailers flag need to regulate e-commerce industry

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

Fuel oil imports up during mini-budget period

During two-and a-half-month mini-budget period, Myanmar imported 803,941 tonnes of fuel oil, up nearly 90,000 tonnes worth US$ 255.780 million compared with the same period last year, said Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry. Until June 15, this year, Myanmar’s fuel oil imports amounted US$ 885.310 million. Last year, Myanmar imported […]

Myanmar negotiating with Chinese consortium on deep-sea port project in western state

YANGON, (Xinhua) — Myanmar is negotiating with a Chinese consortium to carry out a strategic deep-sea port in Kyaukphyu, western Rakhine state, as part of the planned special economic zone (SEZ) in the region, according to a report of the official Global New Light of Myanmar Sunday. The negotiation between Myanmar’s Commerce Ministry and the […]

Myanmar female garment workers in fear of violence

Business involved in Myanmar’s garment industry should take steps to ensure better safety and welfare of female employees, a new report recommends, as findings suggest women workers are in fear of rape and robbery. The report, ‘Women, work and violence in Myanmar, Nepal and Pakistan,’ conducted by IMC Worldwide, University of Portsmouth and the International […]