M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Mobile operators join war on cash

WHILE Myanmar is still a cash-dominated society, the nation’s three telecommunications operators are trying to change that as they vie for the lead in the country’s nascent mobile financial market. Vikram Sinha, acting CEO of Ooredoo Myanmar, announced on Thursday the launch of M-Pitesan, a product that allows mobile users to enjoy instant money transfers […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Myanmar food fights back

Amid the recent surge in popularity of foreign cuisine, restaurateurs look to raise the profile of traditional Myanmar food Korean food. Thai food. European food. Yangonites are increasingly spoiled for choice when choosing where to go for a meal. While broadening one’s culinary horizons can only be a good thing, traditional Myanmar restaurant owners are […]

Myanmar Freelance Start-Up Aims for Substantial Growth in One Year

IN LESS than one year since its September 2016 launch, Chate Sat, Myanmar’s first ever freelancing platform where users can find or offer freelance work, has gathered more than 5,000 freelancers and 900 employers on its network. Honey Mya Win, co-founder and chief executive officer of Chate Sat, said on Sunday that the start-up recently […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Myanmar’s Phandeeyar Accelerator startup graduates Chate Sat, White Merak secures six-digit funding

Myanmar’s Phandeeyar Accelerator startups Chate Sat, a freelancing platform and White Merak, an animated comic application have secured a six-digit funding each from local and foreign investors on Thursday. Chate Sat which means connect in Burmese, has raised the investment from Vulpes Investment Management Pte Ltd back in May, alongside additional investment from Theta Capital based in Singapore […]

MPT Begins Rollout of LTE+ Network, Targets 30 Cities Across the Country by September

State owned telco MPT has begun roll­ing out its new Long Term Evolution network in Myanmar’s largest cit­ies, which, the company says, can be up to twice as fast as traditional 4G/LTE networks. Known as LTE+, the new network will enable download and uploads on mobile devices up to 10 times faster than a standard […]

Myanmar telecom competition heats up with 4G push

MYANMAR’S three telecommunications operators, buoyed by the burgeoning ranks of smartphone users, have intensified their efforts to provide 4G/Long-Term Evolution (LTE) services with the sales hook of faster data connections. Myanma Posts and Telecommunications, the nation’s leading telecommunications operator, on Monday launched Myanmar’s fastest data service, dubbed LTE+, with the 1.8GHz spectrum that was recently […]