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 […]

Kirin Jumps Headlong Into Myanmar Beer Market

TOKYO — With beer consumption shrinking in China and other major markets, Southeast Asia has become a key growth target for the beer industry. In 2015, Japan’s Kirin Holdings seized the chance to acquire Myanmar Brewery, which holds an 80% share of the country’s market. Hajime Kobayashi, deputy director of the brewer’s corporate strategy, recently told The Nikkei about the […]

Myanmar to ease restrictions on foreign investors

Reforms to Myanmar’s corporate law would allow foreigners to participate in the Yangon Stock Exchange. YANGON — Myanmar is determined to pass by the end of the year a series of bills designed to ease restrictions on foreign capital as the newly established civilian government steps up efforts to attract outside investment. The government had […]

Hitachi looks to expand infrastructure business in Myanmar

NAYPYIDAW — Hitachi seeks to utilize its proprietary technologies in IT and other areas to help modernize Myanmar’s infrastructure beyond just the aging rail lines, the chairman of the Japanese conglomerate told The Nikkei during a visit to the Myanmar capital. Much of Myanmar’s railways date back to the British colonial era and the country has been slow […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]

Telenor tests 4G across five cities

Telenor Myanmar has tested fourth-generation (4G) mobile services in Yangon, Mandalay, Nay Pyi Taw, Myawady and Muse, a company spokesperson has told The Myanmar Times. The tests come as the Norwegian mobile operator looks to migrate to 4G, a move that rival telco Ooredoo has already started. The Qatari firm’s website says its fourth-generation rollout […]

Telenor to roll out 4G in Myanmar as soon as summer

YANGON — Telenor Group will launch fourth-generation cellular service in Myanmar as early as this summer, Petter Furberg, CEO of the Norwegian carrier’s local arm, told The Nikkei. Telenor Myanmar is testing 4G in four cities. The rollout will begin when more spectrum becomes available, Furberg said. Myanmar’s government plans to hold an auction for […]