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Myanmar is gearing up to venture into the global durian export market, aiming to launch exports by 2023 or at the latest by 2027. This move is part of a strategic plan to generate additional foreign income and bolster the nation’s local durian industry.…
In a targeted action against one of Myanmar’s most infamous cyber fraud hubs, the country’s ruling military junta reportedly confiscated several Starlink satellite internet devices. This operation follows an investigation, which exposed the significant…
In a decisive move against burgeoning criminal enterprises, China, Myanmar, and Thailand have committed to strengthening their collaboration in dismantling elaborate scam networks proliferating across Southeast Asia, with a particular focus on the notorious…
However, the increasing integration of technology, driven by innovative telecom solutions, offers a pathway to transform education and bridge critical gaps. By leveraging advancements in connectivity and digital platforms, Myanmar has the potential to leap…
H&M is investigating 20 alleged instances of labour abuse at Myanmar garment factories that supply the world’s second-largest fashion retailer, it told Reuters, just weeks after top rival Zara-owner, Inditex, said it was phasing out purchases from the…
Over recent years, Burmese casino players have had several options to help them enjoy the thrill of online gaming. With the number of online casinos available in Myanmar, it may not be easy to pick the right choice. Let’s take a look at the dynamics of online…
Qatari telecoms giant Ooredoo is considering selling its Myanmar unit, a source with knowledge of the matter told Reuters, following the exit of Norwegian carrier, Telenor, in March this year. Ooredoo is now the only foreign telecoms service provider…
Myanmar’s junta has approved the sale of Norwegian telecoms giant Telenor’s Myanmar subsidiary to Lebanese conglomerate M1 Group, in a move activist groups warn could put sensitive customer data in the hands of the military. The Southeast Asian nation has…
Japanese drinks giant Kirin said Monday (Feb 14) it will withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s coup. The brewery is the latest foreign company to pull out of…
The sale of Telenor’s Myanmar subsidiary could place the personal data of its 18 million customers in the junta’s hands. As Telenor finalizes the sale of its Myanmar business to a military-linked group, concerns have been raised that sensitive data will be…
Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51% share of Digital Money Myanmar Limited (“Wave Money”) for USD 53 million to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. This subsidiary is to be funded…
Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of US$105 million USD, of which US$55 million is a deferred payment over five years. The transaction corresponds to an…
Swedish fashion retailer H&M said on Monday it was gradually beginning to place new orders again with its suppliers in Myanmar after a temporary pause following the military coup in the country in February. “With our decision, we want to avoid the imminent…
Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. The business had been struggling because of the Covid-19 pandemic, but after a February 1 coup that sparked mass…
Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country. Police and military have killed more than 50 people to…
Mastercard today announced that it is deepening its commitment to Myanmar by taking steps to incorporate an entity in the country – thereby establishing a local office presence in Yangon – and to appoint a country business development manager. Mastercard aims…
