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Thai banks step up push for licences in Myanmar

YANGON: All four Thai banks in Myanmar are intensifying their efforts to secure banking licences in the belief that opening up of the industry will proceed despite opposition for local players.

Business

Disconnected for decades, Myanmar poised for telecoms boom

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.

Business

Large natural gas deposit discovered off Myanmar

A major natural gas field has been discovered in an area off western Myanmar being explored by a South Korean-Indian consortium, the state-run press reported Friday.

Business

Southeast Asian airlines to profit as Myanmar opens

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.

Business

Myanmar wants more Malaysian investments

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.

Business

Private jet service off to quick start in Myanmar

Myanmar MJETS Business Aviation Centre has received 14 jets from other countries on its first month of operation, it said. Two were air-ambulances to transport patients from Myanmar to hospitals in o .....

Business

Japan to seek debt relief for Myanmar at IMF meeting

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.

Business

World Bank to help Myanmar clear arrears

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.

Business

Qatar's Ooredoo launches Myanmar telecom network

YANGON: Qatar's Ooredoo on Saturday launched telecommunications services in Myanmar, one of the world's least connected countries.

Business

Petronas and partner to explore energy fields in Myanmar

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.