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Ooredoo Myanmar has announced the launch of a new mobile money service branded M-Pitesan. The new service will allow instant money transfer and payments between local mobile numbers through a dedicated mobile wallet for Ooredoo customers or a store for…
Myanmar’s Co-Operative Limited Bank (CB Bank) will next month facilitate contactless payments acceptance in Myanmar. CB Bank will facilitate the development of a network of Mastercard Contactless-enabled merchants across over 5,000 of its access points in…
Vietnamese operator Viettel’s joint venture in Myanmar plans to launch 4G-only services in the first quarter of next year. The joint venture, MyTel, plans to cover 90% of the population by its official launch, deploying nearly 7,200 base stations and 33,000km…
Few countries in the world have experienced such rapid discovery of technology than Myanmar. Gasps echo across the hall as the Myanmar school kids trial virtual reality goggles, marveling at a device that allows some of Asia’s poorest people to walk on the…
Myanmar’s Kanbawza Bank (KBZ Bank) plans to virtualize its data center to help support the nation’s growing digital economy. KBZ Bank will be modernizing its IT infrastructure for the benefit of all 482 branches as well as representative offices in Thailand,…
On July 12, Yusen Logistics held an opening ceremony for Thilawa Logistics Centre in the Thilawa Special Economic Zone (SEZ) in Myanmar. The event was attended by Thilawa SEZ Management Committee Vice Chairman Cho Cho Win; Ambassador Extraordinary and…
Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016,…
As part of its strategic expansion in the emerging Mekong markets, CEVA Logistics, one of the world’s largest supply chain management companies, has opened its office in Myanmar’s capital, Yangon. For the last five years, CEVA has been operational in the…
Myanmar Post and Telecom (MPT) has adopted 4×4 multiple input multiple output (MIMO) technology for its recently-launched 4G network covering Yangon, Mandalay and Nay Pyi Taw. The operator is using LTE-Advanced technology capable of internet speeds of up to…
Myanmar’s Ministry of Communications and Information Technology (MCIT) has granted permission to the market’s mobile operators to launch 4G over the 1800-MHz spectrum assigned to them. Mynmar Posts and Telecommunications, Telenor Myanmar and Ooredoo Myanmar…
The terminal, which cost $92 million, is designed to hold mostly middle distillates, with 29,000 cubic meters of space for gasoil and 21,000 cubic meters for jet fuel. Another 17,000 cubic meters is dedicated to store gasoline and the remaining for bitumen…
Biting into a Burger King in Myanmar for now requires a passport, with the country’s only restaurant located past customs at Yangon International Airport. But franchise operator Minor Food Group is hoping local appetite will merit many more outlets. Thai firm…
Vietjet continues its international route extension program with the announcement of the launch of the Hanoi to Yangon (Myanmar) route, with tickets priced from only HKD70 (USD9). The new service, commencing August 31, 2017, is expected to meet the increasing…
Myanmar Mahar Htun (MMH) to provide technology and solutions for Myanmar’s busy ports with ever-increasing requirements. Through this collaboration, MMH will equip ports with cranes that feature Siemens’ technology, which would enable them to upgrade their…
First Private Bank (FPB) has chosen Misys FusionBanking to streamline operations and digitalise as it takes a significant role in contributing to Myanmar’s growing economy. The bank, which received the first banking licence in Myanmar in 1992, aims to…
National Bank of Canada (NBC) has acquired a 22% stake in Myanmar-based mobile payments firm ONGO for an undisclosed sum. ONGO is the consumer facing brand of Ronoc Asia, a subsidiary of the emerging markets investment business Ronoc. It offers retailer…
