Myanmar is to receive a €5 million loan from Germany’s KfW Development Bank for upgrades to the Ywa Htaung diesel locomotive shed, where trains are kept when not in use. Parliament passed a motion last week to approve the loan, which will also be spent on upgrading a training centre for repair workers. “We […]
Viettel-Backed Joint Venture ‘to Invest $2bn in Myanmar’ After Receiving Telecoms License
January 25, 2017 by
Vietnamese military-run Viettel has said its joint venture with two Myanmar companies will invest a combined $2 billion in Myanmar’s telecoms sector, an increase of $500 million to its original projection. The joint venture of Viettel Global, Viettel’s investment arm, Myanmar National Telecom Holding Public Limited and Star High Public Company Limited, received Myanmar’s fourth, […]
