Trade between India, the world’s second-most populous country, and the Association of Southeast Asian Nations is targeted to double by 2022 from an estimate of US$100 billion [K100,000 billion] this year, as an economic partnership pact is expected to be signed later this year, reports the Jakarta Globe on March 12.
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.
Taiwan is seeking to bring in migrant workers from Myanmar to resolve labour shortages in the manufacturing and agricultural sectors, reports CNA on March 9.
|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.
China lowered its 2015 economic growth target to "approximately seven percent" on March 5, as authorities seek a more sustainable path for the world's second-largest economy after its decades-long boom.
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.
Phone and Internet firms are rolling out cheaper handsets and may turn to hot-air balloons to boost network coverage in developing countries, where sales of smartphones are booming.