Monetising Myanmar’s potential

The recent opening up of the country presents an opportunity for technology leap-frogging, even as the burgeoning IT sector is increasingly looking for investments and expertise from foreign companies THERE is little doubt that we are entering the golden era of the information age where innovation is continuing to disrupt a number of industries. At […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Myanmar media outlets enter new era

After more than a year of civilian rule in Myanmar, the country’s media has started to emerge from a climate of fear and suppression. But as the country’s media sector grows rapidly, there are still challenges facing the industry in this newly opened nation now embracing modern times. “[The] Press Freedom Index’s ranking said that […]

Cash is Still King in Myanmar But Visa Gains Ground

​​ American payment technology giant Visa saw double digit growth in transactions in Myanmar in the past year, bolstering its efforts to break into a country dominated by cash. The numbers of locals using Visa’s pre-paid cards abroad increased by 80% in the period between October 2015 to September 2016 while the actual amount spent […]

Telenor Shifts Myanmar Focus to Data Services as ‘Hyper growth’ era ends

YANGON (Reuters) – Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended. The liberalization of Myanmar’s telecoms sector has been a rare example of successful reform since […]

Myanmar businesses slow to adapt to improvements in Internet

Our study of the Myanmar industry shows that Myanmar businesses are still lagging behind in the use of Internet technology. We studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail. Our study […]

Myanmar’s e-revolution aids transparency, media control

In the new age of election campaigns, it wouldn’t seem surprising that the two most prominent leaders in the country, Aung San Suu Kyi, and former speaker Thura Shwe Mann, include Facebook and social media in campaign strategies for general elections on November 8. But in Myanmar, it is one more symbol of the dramatic […]

MySQUAR aims for listing in London

The company behind a popular Myanmar chat application won’t wait on Yangon to launch a stock exchange to debut on the public market. MySQUAR – the Singapore-based firm behind localised chat application MyChat – has turned to the London Stock Exchange’s Alternative Investment Market (AIM) for its float, slated for later in 2015. The mobile […]

Line’s instant messaging software aims to take on local leader Viber

Instant messaging service Line aims to give Viber a run for its money after launching in Myanmar on March 24. The service is available on iOS and Android, and aims to woo users partly through its in-app innovations such as group chat and a range of emojis, or small graphics that can be interspersed in […]

Burma market potential lures Thai investors

Convenience and modernisation are major factors for Thai companies keen to attract Burma consumers, says market research and consulting firm Envirosell Thailand. Partnering with Index Creative Village Plc, New York-based Envirosell conducted consumer research in Burma and other Asean members. Managing director Sarinporn Jiwanun said people in Burma are shifting to modern lifestyles driven by […]