Grab to invest US$100m in Myanmar as smartphone use surges

[SINGAPORE] Grab, Southeast Asia’s biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones. Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as […]

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 […]

Myanmar’s First Private Bank to modernise banking operations with Misys

First Private Bank (FPB) has chosen Misys FusionBanking to streamline operations and digitalise as it takes a significant role in contributing to Myanmar’s growing economy. The bank, which received the first banking licence in Myanmar in 1992, aims to facilitate access to financial services for all and will transform its retail, corporate and digital offering […]

Confident iflix aims high in Myanmar

Greenlee said in an exclusive interview that Myanmar’s leap in the telecommunications sector would fuel the firm’s growth in the nation. “It is the first time that subscription video on demand [SvoD] service is available in Myanmar. So, we have set a benchmark again. We expect to be highly successful,” she said. “Myanmar is the […]

This Is the World’s Tiniest Stock Exchange

Not many people, inside or outside the country formerly known as Burma. Now a year old, the Yangon Stock Exchange is home to just four companies. None of them has raised new capital, and trading is dominated by small investors, many of whom buy stock for less than 20,000 kyat, or $15. On a recent […]

A smartphone love affair

Myanmar’s telecom boom is helping drive the country’s economy A rapidly rising number of smartphone users has spurred the growth of Myanmar’s telecoms sector, industry players say. Sunil Kamath, vice president for South Asia at Opera Software, says there has been an overall growth of internet users in Myanmar, given the aggregated data gathered from […]

Myanmar Mobile Internet Users Spend Most Time on Social Media: Opera

Myanmar’s mobile internet users spend most of their time on social networking websites, a new report shows. When it comes to social media, the majority of time spent using mobile internet is spent on Facebook, followed by Twitter, said Opera Software, the makers of the Opera Mini web browser, in its state of the mobile […]

Korean handsets differ in pricing

Two South Korean handset makers will be debuting models in the next few days aimed at different pricing points. Samsung will bring in its Samsung Galaxy S6 and Samsung Galaxy S6 Edge on April 10, while LG will begin distributing its LG Aka phone on April 9. Huawei is the handset maker with the largest […]

Nepalese Phone Maker Color Mobile Eyes to Sell a Million Handsets in Myanmar

Nepal-based Colors Mobile announced that the company is expecting to sell over 1 million handset in Myanmar by the end of this year. Color Mobile introduced its 14 smart phone models recently at Sedona Hotel in Mandalay including four featurephones (bar model) and 10 smart phone models. The price of the featurephones range from K14,000 […]

Vivo Mobile Enters Myanmar Market

Chinese smartphone manufacturer Vivo Mobile has launched its brand in Myanmar to tap the Southeast Asian countries recent telecoms boom. “Vivo Mobile’s entrance into the Myanmar market, the last economic frontier in the world, is a significant step to expand our business in the region. It’s exciting to come in and introduce this young market […]