fbpx

Concerns mount in the wake of Red Dot shutdown

Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]

Digital landscape rapidly changing

Today’s smartphones can now show people what apps they use most frequently, how much time they spend on them and remind them to take a break. Moreover some mobile applications can have different settings for use by adults and children and limit applications and games by age, because many children use their parents’ phones. “Nowadays […]

Telenor partners Experian to deploy technology enabling subscribers to gain credit access

Telenor Myanmar has announced a partnership with digital information services provider Experian to reach Myanmar’s unbanked individuals, households and small businesses. By leveraging Experian’s Myanmar ecosystem, which includes financial institutions, Telenor Myanmar is aiming to help those who do not have bank accounts gain access to credit otherwise only available to those with a banking […]

Telenor Tops Taxpayer List in Myanmar

Yangon – Telenor Myanmar stands as the largest taxpayer among all foreign companies operating in Myanmar, contributing to both the commercial tax and corporate income tax sectors for 2018 tax assessment year, according to an announcement from Myanmar’s internal revenue department last week. The announcement stated that Telenor Myanmar ranks first on the international companies […]

Developing nations must be financially educated: Experts

Technology is going a long way in helping reach the masses. Especially, with a substantial increase in mobile phone penetration in the past few years, accessing people has become a lot more easier, stated the panelists, while discussing the social impact through Fintech. Addressing a gathering at the Vizag Fintech Festival 2018 here on Tuesday, […]

Can Myanmar support 5 mobile players?

In the four years since the Myanmar government opened up the mobile industry to outside competition, the nation has experienced an economic revival across many sectors driven, in part, by its vastly improved communications network. Mobile penetration (based on unique users) jumped from 12 per cent in the middle of 2014 (about the same level […]

Hybrid Myanmar: How A Quiet Market Could Leapfrog Traditional Data Centre Players

Political reforms, a growing economy and a speeding adoption of digital services are bringing the once isolated Myanmar out of the shadows. In the new decade, with the arrival of digital, the development of TMT infrastructure is starting to gain pace, but much work is still needed. João Marques Lima investigates. In the heart of […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Telenor’s Cost-Cutting Focus Rattles Investors

Telenor’s first-quarter numbers should have been a treat for any investor. Up 20% year-on-year, to 4.99 billion Norwegian kroner ($630 million), first-quarter net profit easily beat analyst expectations of NOK3.53 billion ($450 million). Dividend payments to shareholders could total NOK18.6 billion ($2.35 billion) this year, up from just NOK11.3 billion ($1.43 billion) in 2016. “It’s […]

Can you privatize development aid? Germany is trying, in Myanmar

Germany’s development ministry wants more private businesses to get involved in international projects. A visit with one such project in Myanmar highlights the opportunities — and the pitfalls. The richest and most famous people in Mandalay are all here. They’re meeting on the top floor of a decrepit shopping center: the gold mine owner, the […]