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YANGON: Blackberrys and iPhones arent much use in Myanmar, where its only network is frequently jammed, data services are scarce, prices extortionate, lines crackly and most phones dont roam. For decades, its telecoms industry has been a shambles.
SINGAPORE, Jan 30 (Reuters) - Southeast Asian carriers are set to profit from the expected surge in the number of leisure and business travellers to Myanmar as it re-emerges from political isolation, but poor infrastructure is likely to slow development.
KUALA LUMPUR: Myanmar, possibly the last frontier in Asia for business and investment, invites more participation from Malaysian business community to tap the vast opportunities on the table, after 60 years of isolation, mainly in food commodity and tourism.
TOKYO: Japan will try to broker a deal on debt relief for fast-reforming Myanmar on the sidelines of the upcoming International Monetary Fund (IMF) meeting in Tokyo, according to Japanese Finance Minister Jun Azumi.
YANGON: The World Bank will provide a restructuring loan to help Myanmar clear US$397 million in arrears by January, a senior official said on Wednesday, as the Washingtonbased development bank opened an office in the country and prepared to step up aid work there.
KUALA LUMPUR: Petroliam Nasional Bhd and Thailands PTT Exploration & Production Pcl (PTTEP) have won the right to explore onshore energy fields in Myanmar, which is looking to boost sales of oil and gas to its neighbours.