MPT expands IP-VPN service to 55 cities across Myanmar

Myanma Posts and Telecommunications (MPT) has expanded its IP-VPN service to 55 cities across the country. According to MPT, enterprise customers using the IP-VPN service can now connect hard-to-reach locations or temporary sites into their virtual private networks. The expansion of the IP-VPN network includes Myitkyina, Kathar, Monywa, Magway, Taung Dwin Gyi, Yae Nan Chaung, […]

Yoma Strategic profits from equipment sales, KFC expansion in Myanmar

On October 27, Yoma Strategic, an affiliate of First Myanmar Investments Company (FMI), which is listed on the Yangon Stock Exchange (YSX), announced a strong set of financial results for the period ended September 30. The company announced revenues amounting to S$59 million for the six months to September 30, 2017, representing an increase of […]

Myanmar Tourism Marketing Announces Nearly 400 Balloons Will Be Launched During Myanmar’s Balloon Festival Starting 29 October

YANGON, Myanmar, October 24, 2017 (PRESS RELEASE JET) – Up in the mountains of Shan state, in the east of Myanmar is getting ready for a spectacular balloon festival. It will be held between 29 October and 3 November 2017. The event will see the launch of 393 traditional made paper balloons. In a remote […]

Telcos vie for mobile financial services

YANGON-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, CEO of Ooredoo Myanmar, was happy with the success of M-Pitesan, a product that allows mobile users to enjoy instant money transfers and […]

Political make-up a bottleneck for Shan economy

The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]

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 […]