Singaporean Company to Support a More Secure Data Centre in Myanmar

​​ Singaporean data center specialist 1-Net signed an agreement with broadband service provider Burst Myanmar last week to provide operational support for their Tier IV data centre, which is under construction at the Thilawa Speacial Economic Zone (SEZ). As part of the agreement, 1-Net will provide 24-hour-a-day services including data security, network best practices and […]

Mytel to Target Rural Areas and Compete on Price

​​ Myanmar’s fourth and final telecoms firm – operating under the brand name Mytel – will make use of the AAE-1 submarine cable, infrastructure belonging to state-owned MECtel and try to beat its rivals on services charges, its external relations officer said at press conference last weekend. Mytel is made up of Vietnam defence ministry […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

JICA Updates 2040 Plan for Yangon Development

​​ The Japan International Cooperation Agency (JICA) has handed over an updated version of its 2040 master plan for Yangon’s development to the region government, which is waiting until it has received a bevy of other plans from other agencies before deciding which recommendations to adopt. Yasushi Tanaka, the director general for JICA’s Southeast Asia […]

Dusit Thani Yangon to Bring International Hospitality to Myanmar in 2019

​​ Dusit International has signed a management agreement with Myanmar V-Pile Group to operate the Dusit Thani Yangon. Located just 15 minutes by car from Yangon International Airport, and approximately 20 minutes’ drive from the city’s main tourist attraction, the Shwedagon Pagoda, the new property sits at the heart of land earmarked by the Myanmar […]

Asia’s New Tiger Economy Fears Currency Slide

​​ Myanmar’s central bank is braced for a deeper slide in the nation’s currency and has little scope to tackle the decline after the kyat fell the most in Southeast Asia, according to one of the monetary authority’s top officials. The kyat has weakened about 10 percent against the dollar in the past six months, data […]

The Companies Working To Serve Myanmar’s Unbanked Citizens

As fintech startups gain prominence across Southeast Asia, Yangon is poised to become a hub for the budding industry. At least, that’s how Red Dot Myanmar founder John Nagle sees it. The Irish entrepreneur arrived in Myanmar four years ago, drawn by the many opportunities in the country’s financial space. Myanmar’s economy opened to foreign […]

Kirin Jumps Headlong Into Myanmar Beer Market

TOKYO — With beer consumption shrinking in China and other major markets, Southeast Asia has become a key growth target for the beer industry. In 2015, Japan’s Kirin Holdings seized the chance to acquire Myanmar Brewery, which holds an 80% share of the country’s market. Hajime Kobayashi, deputy director of the brewer’s corporate strategy, recently told The Nikkei about the […]

Myanmar Banks ‘Facing Five Key Challenges’

YANGON – MYANMAR’S HOPE of becoming an investment destination in Asean may fade away if the country fails to address five major challenges in its financial sector, experts said at the launch of a GIZ banking report titled “Myanmar’s Financial Sector: A Challenging Environment for Banks” last week. During a PowerPoint presentation and a panel […]