Influential Myanmar tycoon Serge Pun, owner of one of Myanmar’s largest conglomerates, is currently in North Korea as part of an exchange program organized by the Singapore-based CHOSON Exchange, an organization that brings professionals from around the world to connect with North Korean university students, institutions and officials. Serge Pun’s Yoma Strategic Group, listed on […]
Vietnam’s Viettel seeks to double Myanmar customer base – CEO
Vietnam’s largest telecommunication company, Viettel, is seeking to double its five million subscribers in Myanmar by the end of the year, its president and chief executive officer Le Dang Dung told Reuters an in interview on Friday. Viettel, whose $1.22 billion unit Viettel Global Investment is trading on the Unlisted Public Company Market, has also […]
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 […]
Vietnam’s Viettel announces business strategy for Myanmar operations
Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9. Mytel will focus on the data segment and new digital services, with D-A-T-A being its motto. “[This] stands for D-igital & new services, A-dvanced technology, T-rustworthy, A-ffordable & various services,” the company […]
Want to Buy North Korean Hotels and Airlines? Look to Myanmar
As the world waits to see if U.S. President Donald Trump and North Korea leader Kim Jong-Un actually meet, investors hoping to profit from peace on the Korean peninsula could learn lessons from Myanmar. The Southeast Asian nation became a significant drawcard for foreign investors when it began reforming its economy in 2011 after decades […]
The Politics Of Myanmar’s Changing Tea Culture
Pulling low wooden stools out from under a short square table, a group of longyi-clad men sits down at an open-air tea shop in downtown Yangon, Myanmar. One man makes a kiss-kiss noise and calls out an order to the young waiter. Moments later, porcelain teacups filled with steaming laphet yay — sweet Burmese tea carefully mixed with black […]
Myanmar has maintained military ties with North Korea, US officials claim
Myanmar’s military was believed in the past to have imported North Korean-made weapons and North Korean personnel also worked in Myanmar Myanmar’s military has maintained ties with North Korea, even though the civilian-led government denies any cooperation, and the Trump administration is pressing for a complete break-off of remaining links, current and former US officials […]