Property developer Yoma Strategic Holdings has won approval from the Myanmar Investment Commission for a lease extension that will let it redevelop the former headquarters of the Myanmar Railways Company into a five-star hotel, reports Channel News Asia on March 13.
Myanmar’s mobile subscription count grew 87 percent year-on-year, to 10.7 million at end-September 2014, pushing mobile penetration to 19.9 percent, up from 12.5 percent at end-2013, according to global analyst firm Ovum in a press release on March 12.
Asian company QNET, part of an estimated US$178 billion [K178,000 billion] global direct selling industry, has entered the direct selling sector in Myanmar and has set up an office in Yangon, according to a press release from the company on March 10.
|Myat Hnin Phyu ,Senior Manager of Digital Services with the award. Photo: Ooredoo|
Ooredoo Myanmar has announced it was awarded the GSMA’s “Connected Women: Leadership in Industry Award” for its work to empower women in Myanmar.
Thai stock exchange-listed steelmaker Millcon Plc (MILL) is expected to start its operations in Myanmar next year after being granted a licence to invest in the special economic zones recently, reports the Bangkok Post on March 5.
The Myanmar government is expected to sign an agreement with two Thai construction companies to start developing the first phase of the Dawei megaproject, the Bangkok Post reported on March 3.
Fifty farmers from Kyauk Phyu Township in Rakhine State recently demonstrated calling for compensation over mud from the gas pipeline construction destroying their farmland, reports Burma News International on February 24.
A Korean company is aiming to build and operate the first cable car in Mount Kyaiktiyo in Mon State next year, according to The Korea Herald on February 23.
Convenience and modernisation are major factors for Thai companies keen to attract Myanmar consumers, according to the Bangkok Post on February 24.
Myanmar workers are preparing to protest over alleged discrimination by Thailand’s PTT Exploration and Production Company, according to the Zawtika Offshore Myanmar Organization or ZOMO on February 20.