Myanmar Banking Group KBZ Seeks Insurance Arm Listing, Fintech Ally

Oct 6 Myanmar banking group KBZ is seeking to list its insurance arm on the domestic bourse as early as next year, a senior executive said on Thursday, as the formerly isolated nation slowly liberalizes its financial sector. The insurance arm, which has a paid-up capital of $55 million, could be listed as early as […]

Thais feel impact of booming Dawei

BANGKOK • Saw Hdaik Oo, from Dawei in Myanmar, left home for Thailand when he was 15, in search of a job. He was fortunate to find one at a seafood-processing factory in Ranong, southern Thailand. And then even luckier to be promoted to oversee the refrigeration at a plant in Mahachai, which has one […]

Myanmar calls EOI for fourth telecoms operator

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The government has asked international telecoms operators to submit expressions of interest ahead of a tender for the country’s fourth operator licence, to be awarded in 2016. Companies will apply to join a local consortium of 11 local […]

Roland Berger to run tender for fourth Myanmar telco: sources

The German consultant that advised on a government tender for two international telecoms operator licences – won by Telenor and Ooredoo – will provide support for a new tender for a fourth licence, said industry sources. Roland Berger will be hired to help a local special purpose vehicle, or SPV, pick an international partner, said […]

Advancing Myanmar’s telecom infrastructure

Myanmar has come a long way in the last few years in terms of telecom penetration. Before the country embarked on the liberalisation of the telecom sector in 2013, mobile penetration was around 7 percent. Within a short two year time-span, mobile penetration has now reached more than 50pc. This represents one of the fastest-ever […]

Dawei Special Economic Zone Gets Rolling

The government, through the Dawei Special Economic Zone (SEZ) Management Committee, and a consortium of private developers have signed a concession agreement to develop the initial phase of the long-delayed Dawei SEZ. The consortium of private developers includes Italian-Thai Development (ITD) Public Co Ltd, Rojana Industrial Park Public Co Ltd and LNG Plus International Co […]

Award of major airport contracts offers new clues about Thein Sein government’s approach to doing business.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon’s still-sleepy international airport has grown increasingly busy amid a growing tourist trade, a flood of Western diplomats and NGOs re-establishing themselves in Myanmar, and planeloads of corporate executives coming to see whether all the changes are real. […]

‘Beauty contest’ for Myanmar’s telecoms bid

International telecoms giants have been roped into a pageant as they jostle for two operating licenses in Myanmar ahead of final bids in June, following an announcement from the government on Monday that the winners will be selected through a ‘beauty contest method’. The government has hired Roland Berger, Munich-based strategy consultants that employ a […]