Vietnam, Myanmar look towards 1 bln USD in two-way trade

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony […]

Irish building up a head of steam in Myanmar

When Kieran Rabbitt stepped off a plane and into the heavy Yangon heat four years ago, little did he think he’d still be in Myanmar today, at the cutting edge of the country’s digital revolution. From offices in downtown Yangon, the Athenry native – along with Karim Ainsworth from Belfast – runs Cube Digital. The […]

Banking on Satellite Communications

Richard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]

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 […]

High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

Video Streaming Key in Fight for Myanmar Mobile Subscribers

YANGON — With faster mobile connections in place and smartphone use on the rise, discount data plans on video services have become a key strategy for Myanmar’s mobile carriers in their fight to attract new subscribers. In June, Myanma Posts and Telecommunications, the country’s biggest carrier, started to offer discounted data plans to view YouTube content and local […]

The Unprecedented Explosion of Smartphones in Myanmar

Outside the offices of an internet startup called nexlabs, a snarl of honking cars and rickshaws grinds to a standstill on a trash-strewn street lined with crumbling buildings. Inside, though, the scene could be straight out of Silicon Valley. Programmers in t-shirts and jeans tap away at laptops beneath posters exhorting them to “Innovate” and […]

Mobile Money Flourishing in Myanmar

YANGON — For a population used to carrying wads of cash stuffed in pockets, purses and wallets, mobile money has the potential in Myanmar to dislodge paper as the main means to make payments and remittances. Mobile money is a fintech service that enables money to be deposited and withdrawn using apps downloaded to mobile phones. […]

Big 4G Push to Drive Myanmar’s Smartphone Use

YANGON — Smartphone use in Myanmar is getting a major boost as the country’s largest mobile carrier has bumped up the wireless data transmission speed in major cities, paving the way for more fluid video viewing. The government-affiliated Myanma Posts and Telecommunications on Tuesday began full service of 4G mobile data transmission in Myanmar’s three largest cities: Naypyitaw, Yangon […]

Myanmar requires skilled workers

Myanmar is looking for skilled workers in various sectors as it continues to open its doors to foreigners, a business consultant said Tuesday. Myanmar offers opportunities in the civil engineering, electrical engineering, telecommunications, and banking fields, said Andrew Tan, managing director of Yangon-based Consult-Myanmar. “They are looking for skilled people who can add value,” he […]