Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]

Event Invitation: Euromoney’s Myanmar Global Investment Forum,12-13 Sep 2017, Naypyidaw

In the first year of the National League for Democracy (NLD) government, Myanmar’s economy decelerated and the pace of economic reform slowed. Yet, the government appears confident growth will return and has pledged to boost its economy in 2017-18. Foreign investors have reason for optimism too. A new Investment Law came into effect on 1 […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Telenor Myanmar snaps up 1800MHz spectrum

Norwegian-owned cellco Telenor Myanmar has confirmed that it has purchased a twelve-year licence for a 2×10MHz block of spectrum in the 1800MHz band. The frequencies were priced at USD80 million with Telenor paying USD32 million up front, with the remainder to follow between the second and fourth year of the licence term. The cellco acquired […]

Myanmar: The New Hotbed for Satellite

The stunning landscape of Myanmar hides a tempestuous past that features its struggle for independence and eventual democracy. In 2010, the country sat on the cusp of massive change when the military junta handed over power. After 48 years of oppressive rule, a metamorphosis is occurring across the country. The daily lives of Myanmar’s 51.4 […]

Malaysia’s Oldtown venture into Myanmar via franchisee

PETALING JAYA: Hong Leong Investment Bank (HLIB) Research believes the impact from Oldtown Bhd’s venture into Myanmar is minimal as it only accounts for less than 1% of total earnings. Hence, the research house is maintaining its earnings forecasts for the company as well as a “buy” call with a target price of RM2.09 Oldtown […]

Heavy equipment manufacturer Kubota opens facility in Myanmar

Heavy equipment manufacturer Kubota Corp. has opened an import and sales facility in Myanmar, vowing to support its growing farm machinery market and expand dealer networks by providing access to quality products. Located in the Japanese government-backed Thilawa Special Economic Zone on the outskirts of Myanmar’s commercial capital, Yangon, Kubota’s $10 million facility, which covers […]

Finland gives 4 million Euros to Myanmar Development

Finland government has opened its pockets and written a check on 4 million Euros for The United Nations Development Programme’s (UNDP) development actions in Myanmar, supporting the areas of democratic governance, local development and environmental sustainability. “We look forward to deepening our partnership with UNDP. One of Finland’s development priorities is to support the democratization of […]

Telenor Tries to Keep Network Operational as Flood Worsens

Telenor Myanmar said it is working closely with tower companies and local relief authorities to ensure their cellular network remains operational in the face of worsening flood conditions in parts of the country. The Norwegian operator announced last week that 41 of the 2,585 sites on Telenor’s network have either been shut down due to […]

Telenor Numbers Begin New Code, Service Area Widens

Telenor has begun to distribute a new series of SIM cards with phone numbers beginning with “78”, where previous cards began with “79”. The Norwegian firm’s network began operations in September last year, and since then it has gathered 6.4 million users in 10 states and regions around the country. “Telenor Myanmar has produced approximately […]