Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

Regional investment commission approves first Kachin project

The Kachin State Investment Commission has approved one investment involving K1,688 million since its office was opened last July. The commission is currently examining two investment applications, U Tun Kyaw Kyaw, deputy director from at the Directorate of Investment and Company Administration (DICA), explained. The approved investment is in the agriculture sector and relates to […]

Myanmar’s 1st MMA champ Aung La N Sang: ‘I’m no politician, but I fight for my people

SINGAPORE: Aung La N Sang feels good. “Amazing”, even, with barely a week having passed since he was crowned Myanmar’s first-ever mixed martial arts (MMA) champion. On June 30, willed on by a thunderous Yangon home crowd, the 32-year-old underdog stunned his undefeated opponent to capture the middleweight title belt of ONE Championship, Asia’s largest […]

Prospectors Sued After Finding Massive Jade Boulder on Company Land

Five prospectors who found a jade boulder weighing 8.7 tons have been charged with theft in Kachin State’s Lone Kin jade mining region. According to police, U Nay Tun—the Deputy Director of Myamar Gems Enterprise office of Lone Kin—filed a lawsuit against prospectors Htoo Zaw, Mon Khaung, Naing Win, Wa Lone and Myo Khin, accusing […]

Battling for Blood Jade: Inside One of the World’s Most Dangerous Industries

When the earth collapsed, as it does nearly every day in the jade hills of Myanmar, Ye Min Naing was poised on a steep slope of rubble and scree. It was a rainy night six months ago, at the tail end of the monsoons. A truck with wheels the height of a man had just […]

Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Yangon Regional Government Says it Will Step Up Efforts to Reduce Earthquake Damage

​​ Yangon’s regional government is planning to form an earthquake monitoring committee in an effort to reduce the potential damage to the city’s buildings and to take responsibility for carrying out rehabilitation activities, state media has reported. The committee will be responsible for the promotion of public awareness of earthquakes and the development of a […]

Myanmar’s Rickety Railways Poised for a Revamp

​​ YANGON — As they pass Insein Station, a farmer and her fellow workers drag five huge bundles of vegetables to the front aisle of a railway car on the notoriously inefficient Yangon Circular Railway Line, forcing passengers to climb over the fresh produce if they want to enter or leave the carriage. The group […]

Air KBZ to Operate International Flights to Chiang Mai

Air KBZ plans to launch its first international route on 2 December, when it will begin thrice-weekly flights from Yangon to Chiang Mai, Thailand, said Assistant General Manager Daw Aye Mra Thar. The Myanmar airline planned to begin the new flight in November, but could not do so because of negotiations with Thailand authorities. A […]