fbpx

Mytel fined for anti-competitive behaviour in Myanmar market

The Posts and Telecommunications Department (PTD) has issued a fine of nearly US$200,000 (K300 million) and two warnings to military-backed telecom operator Telecom International Myanmar (Mytel) for violating its rules and regulations after January 1. It also issued two other warnings to two operators for similar offences. Mytel, the fourth operator in Myanmar, was given […]

Rural areas to receive electricity powered by renewable sources: Minister

Rural areas far from the national grid will get electricity through renewable energy sources, says Minister of Electricity and Energy U Win Khine. He said the government will provide electricity to these areas through renewable energy as lower population density and electricity usage may not make it economical to expand the national grid. U Win […]

Mandalay to debate effort to resolve land-ownership issues

The Mandalay Region hluttaw (parliament) will debate a proposal to give title deeds to people who have lived for a long time on land that does not belong to them. U Tin Aung, MP for Chan Mya Tharsi constituency 1, submitted the proposal, which would exclude people living on government land. The proposal is expected […]

Myanmar energy firm plans $35m investment

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]

Developing nations must be financially educated: Experts

Technology is going a long way in helping reach the masses. Especially, with a substantial increase in mobile phone penetration in the past few years, accessing people has become a lot more easier, stated the panelists, while discussing the social impact through Fintech. Addressing a gathering at the Vizag Fintech Festival 2018 here on Tuesday, […]

Myanmar witnesses more development during incumbent gov’t: survey

YANGON, July 1 (Xinhua) — Myanmar has witnessed improvement of living condition during the last two years of the government led by the National League for Democracy (NLD), the official Global New Light of Myanmar reported Sunday. With the cooperation of the UN Development Program (UNDP) and the World Bank, a government survey was conducted […]

Myanmar developer Dagon adds more agribusiness to its diet

YANGON — Dagon International will develop an industrial park here dedicated to food processing, the Myanmar conglomerate’s leaders told Nikkei on Thursday, tapping agribusiness in an effort to diversify beyond the core real estate segment. “In Myanmar, food factories are located in so many places lacking in internationally acceptable hygiene standards,” Chairman Win Aung said […]

Government to collect tax to fund telecoms in rural areas

Funds will be collected from a tax on telecoms operators starting in June to extend the telecommunications network to remote areas of the country that do not yet have access, said an official of the Ministry of Transport and Communications. The Telecommunications Law, section 54 states that the ministry can establish and supervise a Universal […]

Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

Revealed the names of seven foreign applicants for fourth telecoms licence

Subscribe to our tender alert mailing list Industry sources have confirmed the names of seven companies that sent in non-binding expressions of interest to become Myanmar’s fourth mobile operator. The seven companies are Singapore’s Singtel, Hanoi-based Viettel, China Telecom, France’s Free, MTN out of South Africa, Hong Kong’s 1COM and telecoms firm Beijing Xinwei. The […]