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Yangon

Ooredoo’s Myanmar coverage to reach 68 cities by August 15

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The coverage of Qatar's telecom company Ooredoo in Myanmar will rapidly extend beyond the three main cities of Mandalay, Naypyitaw and Yangon to include...
Italian energy giant enters Myanmar

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Italian energy group Eni SPA has entered Myanmar through a production-sharing agreement for two onshore blocks with the Ministry of Energy, the company said...
First Ooredoo SIM cards go on sale in Myanmar

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Shops in Myanmar's second largest city Mandalay have begun selling a limited number of Ooredoo SIM cards, as the Qatari company remains tight-lipped about...
Yangon rents at prime locations reach $7,000 per month

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Expats in Myanmar are increasingly getting freaked out by the extreme hike in rental prices in the business hub of Yangon. According to local...
Ooredoo Myanmar starts trial run in mobile network

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Ooredoo Myanmar is preparing to launch its mobile-phone services in the third week of August and has started testing its mobile network, company sources...
Myanmar pharma sector expected to grow 10-15%

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Myanmar's pharmaceutical industry is expected to rev up 10-15 per cent a year thanks to the government's increasing spending on healthcare. The Myanmar Pharmaceutical and...
Apartment rents in Myanmar rise by 10 to 35%

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Residential rents in Yangon are up by 10 to 35 per cent in comparison to last year, according to a real estate market survey. Rents...
Singapore consortium to develop Myanmar special economic zone

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A Singapore-based consortium led by CPG Consultants has been appointed to develop the master plan for one of three large special economic zones planned...
Myanmar clamps down on illegal trading, tax evasions

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The Myanmar government has begun clamping down on illegal trading and tax evasions to better reflect its trade numbers. Over a one-and-a-half-year period, officers...
Two new airlines to take off in Myanmar

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Myanmar’s Department of Civil Aviation says two new domestic airlines, Apex and FMI, are expecting to gain the green light soon to begin flying...
Gap first US retailer to produce in Myanmar

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Gap Inc. has announced plans to produce clothing in Myanmar, the first American retailer to enter the market since the Southeast Asian country began...
Malaysia hospital group to expand in Myanmar, Vietnam, China

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Malaysia's IHH Healthcare Bhd, the world's second-largest hospital operator by market value, is looking to expand further in China and Vietnam as well as...
Record growth for Myanmar hotels in 2014 expected

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The thriving hotel market in Myanmar's economic capital Yangon is set for another year of record growth in 2014, according to property research firm...
Myanmar to face foreign investment competition from Cambodia, Laos

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Myanmar, Cambodia and Laos are the potential “hidden markets” of Southeast Asia for investment opportunities, a business study said, but they could end up...
Myanmar steps up beer production to quench growing thirst

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Local beer production in Myanmar has increased to 104 million liters in ten months from April 2013 to January, which is 3.78 million liters...
Two airlines end direct flights to Myanmar

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Two airlines that only recently started direct flights to Myanmar have cancelled their routes due to having few passengers. Germany-based Condor Airline and Thai-based Business...
Myanmar foreign investments cross $2b

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Myanmar received $2.21 billion worth of foreign investments in the first four months of 2014, with transport and communication sector leading, media reported Thursday. The...
Myanmar has highest defense spending in ASEAN

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Myanmar’s defense budget proposal is the highest in ASEAN, says American economist Bard Robertson, who spoke at the 2014-2015 post-budget consultation held by Action...