AYA BANK, one of the top three private banks in Myanmar, recently signed a pact with mFino, a global fintech solution provider, to deliver new products and advanced payments for the market, said Myint Zaw, the bank’s managing director. He said the partnership would lead the bank to introducing mobile fintech products by the end […]
Myanmar’s AYA Bank partners with mFino to offer new products
Japan invests in Dawei
The multibillion-dollar Dawei special economic zone (SEZ) and related projects will go ahead at full scale after Japan yesterday agreed to take a one-third equity stake in the associated special purpose vehicle (SPV) jointly set up by Myanmar and Thailand. The deal was struck at the fifth Myanmar-Thailand Joint High-Level Committee Meeting that was attended […]
Users criticize Ooredoo Internet package plans as expensive
Ooredoo users say its products are expensive and don’t match their expectations, sources have said. Although Ooredoo allows 20MB of free Internet access for Facebook, their packages are pricey, analysts and users claim. Users pay Ks 500 for daily Internet use and they get 30MB free for daily Internet access. This will cost them Ks […]
Many Burmese Will Have to Wait for Ooredoo Network
YANGON — Qatari telecommunications firm Ooredoo launched its 1,500 kyat (US$1.50) SIM cards here on Saturday, ending years of waiting for affordable and fast mobile phone and Internet services—for some. Ooredoo’s official commercial launch date is Aug. 15, but SIM cards are already being sold offering limited, but free, services. Norwegian company Telenor is expected […]
Ooredoo Officially Announces Line-Up Of Myanmar Distributors In Preparation For Launch
Subscribe to our tender alert mailing list Appointments Will Ensure A Ready Supply Of SIM Cards, Top Up & Phones For Customers Across Launch Coverage Areas Yangon, Myanmar In preparation for the roll-out of its products and services, Ooredoo Myanmar today announced the official appointment of six leading Myanmar companies as exclusive, territory specific distributors. […]
Ooredoo starts trial run in new mobile network
Ooredoo prepares to market its mobile-phone services in the third week of August and is testing its mobile network, sources from Ooredoo Myanmar say. Ooredoo Myanmar has been checking its mobile network before launching the services and the sale of mobile phones to the public, said Myint Zaw from Sale Department director of Ooredoo Myanmar. […]
Myanmar’s oil sector attracts investment
The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. OIL DEMAND Fuel demand rose more than 5 percent to over […]
Myanmar’s Oil Sector Attracts Investment
The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. Oil demand Fuel demand rose more than 5 percent to over […]
Myanmar Govt Allows Oil and Gas Firms to Name Profit-Sharing Terms
In an apparent bid to make tenders to explore for oil and gas more attractive, Burma’s Ministry of Energy is inviting international companies preparing their bids to suggest their own terms for profit sharing with the government, a ministry official said Tuesday. The ministry is currently accepting bids from companies for exploration licenses on 18 […]
Myanmar ready to sweeten terms for foreign brewers
The Myanmar government is prepared to relax limits on foreign ownership of breweries on a case-by-case basis, as it seeks to improve the appeal of the country to foreign investors, says a senior beer industry executive. The Myanmar Investment Commission (MIC) offered four licences in January for international breweries to operate domestically. Under the Foreign […]