Myanmar Recruiters Optimistic, Economy Thriving: Survey

Active and vigorous recruitment in Yangon is likely to provide many opportunities to job seekers, according to the MyJobs Employer’s Survey. Employers in Yangon report strong hiring intentions this year, reporting the most aggressive recruitment plans in the last three years. MyJobs, a leading recruitment company since 2012, questioned 84 employers, human resource professionals and […]

Central Bank to ease branch restrictions

The Central Bank of Myanmar is planning to make it easier to open bank branches, according to sources in the industry. Currently banks need total paid-in capital of K100 billion (US$102 million) as well as K700 million for each branch to expand, though with the country thought to be underbanked, insiders say they advocate easing […]

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 […]

Privately owned newspapers return to newstand after 50 years

4 local language newspapers – The Voice, The Golden Fresh Land, The Union and The Standard Time — went on sale Monday morning, becoming the first Burmese papers since 1964 not controlled by the state. Twelve more are due to follow. Up till March this year the only daily newspapers available were all published by […]