Limited Links Sink Myanmar’s Potential

Despite its 2,000 kilometer-long coastline, reaching from Bangladesh to the west and Thailand to the east, Myanmar is home to only nine functioning ports, with the one in the commercial capital of Yangon spread across various sites and run by different owners. The ex-capital currently handles 95% of the country’s maritime trade. Annual port throughput […]

Japanese joint-venture plans Yangon hotel

Hotel Okura Co Ltd said it would develop the luxury Okura Prestige Hotel with Ayeyar Hinthar Holdings Co Ltd in Yangon by 2020, with five more hotels due in the next five years. The company expects to sign a contract with Yangon Technical and Trading Co Ltd, a subsidiary of Ayeyar Hinthar, in August, working […]

Japan’s MHM merges with Thai firm in first tie-up of its kind

Mori Hamada & Matsumoto (MHM), one of Japan’s largest law firms, has acquired leading firm Chandler & Thong-ek (C&T) in Thailand as part of a push into South East Asia. The acquisition comes just over a year after the Japanese firm opened its third ASEAN office in Bangkok. The office is located in the same building […]

Trusted NLD veteran set to be next Myanmar president

Sixty-nine-year-old Htin Kyaw, a trusted veteran of the National League for Democracy (NLD) and long-time family friend of party leader Aung San Suu Kyi, is set to become Myanmar’s next president after being nominated by the party. His name was read out in the Lower House yesterday morning, in a culmination of weeks of speculation […]

Ooredoo, Telenor to partner with Samsung for mobile services

International telecoms operators Ooredoo and Telenor will cooperate with tech giant Samsung to provide faster mobile internet services in Myanmar. Ooredoo Myanmar and Samsung signed a memorandum of understanding last Friday offer customers a range of “Special Bundles” designed to make the most of Ooredoo’s 3G network on data-driven Samsung devices. Ooredoo’s products and services […]

YTP hunting for partners as private launches get close

Yatanarpon Teleport public company (YTP) is still negotiating a potential partnership with foreign firms, according to CEO U Shane Thu Aung. As one of four firms to be licensed to provide mobile coverage in Myanmar, YTP began negotiations with Thailand’s True at the end of 2013 but has since widened its discussions, he said. “We […]