Newtec – a specialist in designing, developing and manufacturing equipment and technologies for satellite communications – today announced it is enabling Communication & Commerce (Com & Com) to launch a mobile backhaul network for Telecom International Myanmar Company Limited’s brand Mytel, Myanmar’s fourth and most-recent mobile operator, a joint venture by government-owned Star High Public […]
Huawei and partners pave way for Asia-Pacific digitalization
Bangkok – Nearly 300 attendees were present on Huawei’s fourth Asia-Pacific Innovation Day with hopes to explore Asia-Pacific’s future in Digital Infrastructure, Economy and Ecosystem in Siam Kempinski Hotel, Bangkok. Co-hosted by Huawei Technologies and Thailand’s Ministry of Science and Technology, the event was centered on Asia-Pacific region’s efforts into a monumental influx of industry […]
Myanmar to Become Member of APN, Upgrade Card-Based Services
Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU). MPU has already met with officials from APN, and is waiting for the membership announcement to be made, […]
Myanmar Looks to Strong Inflow of FDI
THOUGH MYANMAR is one of the lowest-ranked economies in Asia Pacific region according to the World Bank’s recent report on doing business, the nation maintains its optimism over the inflow of foreign direct investment next year, according to Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and secretary of Myanmar Investment […]
Uber Stuck in Neutral Under Hong Kong Taxi Regime
HONG KONG — Uber Technologies’ ride-hailing service is stalling in Hong Kong, cut off by taxi interests that wield heavy influence in local politics. Law enforcement authorities in May arrested 22 Uber drivers on suspicion of operating without a taxi license or auto insurance. “Some companies … hope they can run their businesses and not […]
Manila Water Inks Deal with WB Investment Arm
Manila Water Co. Inc.’s overseas business unit has signed a memorandum of understanding with the International Finance Corp. (IFC) on working together in projects in the Asia Pacific region, particularly in the south east. This develops as Manila Water Asia Pacific Pte. Ltd. aims to add momentum to the Ayala group’s expansion within the region, […]
Manila Water, IFC to collaborate on water projects in Asia Pacific
PARTNERSHIP FOR WATER PROJECT – Manila Water Philippine Ventures and Manila Water Asia Pacific President and CEO Virgilio C. Rivera Jr. (second from left) and IFC Regional Director for East Asia and the Pacific Vivek Pathak (center) shake hands during the MOU-signing together with Manila Water Company Chairman Fernando Zobel de Ayala (left) and IFC […]
Nang Laung Kham Wins Promising Young Banker Award
Daw Nang Lang Kham, the Deputy Executive Director of KBZ Bank, has been awarded The Asian Banker Promising Young Banker Award, which recognises top bankers in Asia under the age of 40. The award is given by The Asian Banker every three years, “Daw Nang Lang Kham was chosen for the Promising Young Banker Award […]
Deals Designed to Keep The Lights on in Emerging Markets
Demand for power in the emerging markets of the Asia-Pacific region is rising so fast that authorities often struggle to secure the private international finance needed to keep pace with rising energy needs. In some cases, it is falling to lawyers to tempt international investors to stump up funds for power projects in some of […]