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Tag: myanmar

Retail Asia28/02/2018
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Fashion

Parkson Holdings’s second-quarter looks bad

4min0
Despite slight revenue growth, Parkson Holdings’ retailing division ended its second quarter with a loss. For the first half, its interim financial report shows there was 3 per cent growth in revenue to RM1.9 billion (US$485.9 million) with an operating loss of RM9 million. For the second quarter, to the end of December, the department […]
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Retail Asia28/02/2018
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Food

SMI signs deal to develop The Coffee Bean in Myanmar

2min0
Singapore Myanmar Investco (SMI) has signed an international area development agreement to develop The Coffee Bean & Tea Leaf (CBTL) cafe chain in Myanmar. Founded by Herbert Hyman in 1963, the chain is owned and run by International Coffee & Tea, which has its corporate headquarters in Los Angeles. It has more than 1000 self-owned and franchised […]
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Retail Asia16/02/2018
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Telecom

Myanmar’s cellcos reach a combined 50m subs

2min0
Myanmar’s mobile operators – MPT, Ooredoo Myanmar and Telenor Myanmar – have announced they have reached a collective 50 million subscribers. Extrapolating from the latest UN estimates, Worldometers projects that the total population of Myanmar is around 53.6 million, meaning the nation’s mobile penetration is approaching 100%. In a joint statement announcing the milestone, the three operators committed to further develop their mobile networks, […]
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Retail Asia13/02/2018
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Food

PastaMania Myanmar Opens Second Branch in Yangon

1min0
PastaMania Myanmar will open a branch in Yangon’s Capital Hypermarket Extension Mall on February 27. From Singapore, the Italian casual-dining restaurant chain has more than 50 outlets in 14 countries. “This PastaMania outlet design is based on Italy’s piazza concept to create the ambience of an Italian city square, says executive director Wilson Lim of […]
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Retail Asia01/02/2018
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Electronics

Honor Opens its First Flagship Store in Myanmar

2min0
A flagship store for Honor, a smartphone brand from China’s Huawei Group, has opened in Yangon. With its slogan “For the brave”, the brand was created for digital natives and offers internet-optimised products and high specifications at an accessible price level. Honor president George Zhao says the Myanmar flagship is a milestone for the brand’s […]
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Retail Asia26/12/2017
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Telecom

Telenor Myanmar to buy more 1800-MHz spectrum

2min0
Telenor Myanmar will pay $80 million to acquire additional 1800-MHz spectrum to help it optimize its 4G network. The operator will acquire an additional 2×10-MHz of 1800-MHz spectrum, doubling its holdings in the spectrum band. Telenor is exercising its right to acquire additional spectrum on a first come first served basis, as stipulated in the […]
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Retail Asia25/10/2017
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Telecom

Myanmar to launch own satellite in 2019

2min0
The Myanmar government plans to launch its own communications satellite in June 2019 at a cost of $155.7 million. MyanmarSat 2 will have six C-band transponders and six KU-Band transponders with 864MHz of total bandwidth. The satellite will be at least partly owned by the government, unlike the MyanmarSat 1 which is being used under […]
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Retail Asia23/10/2017
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Telecom

Myanmar internet-led models yet to scale but heading towards transactional phase

10min
New internet-enabled businesses are making an appearance in frontier Myanmar, which is witnessing a telecom boom period with operators putting their might on expanding network infrastructure to meet the growing demand for data services. While e-commerce and consumer internet startups are yet to scale, they are slowly heading towards the “transactional” phase and launching new […]
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Retail Asia19/10/2017
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Telecom

MPT has Myanmar’s fastest mobile speeds

2min0
Myanmar’s MPT has the fastest internet speeds among the nation’s major mobile operators, according to a new report from Ookla’s Speedtest service. An analysis of the results of user-initiated tests over the Speedtest Android and iOS mobile apps indicates that MPT had an overall speed score of 11.45 during the first half of the year. […]
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Retail Asia17/10/2017
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Food

Japanese operator plans 50 Myanmar noodle restaurants

1min0
Japanese noodle restaurant operator Toridoll Holdings plans to open 50 outlets in Myanmar with a local joint venture partner. The Myanmar noodle restaurants, in partnership with YKKO, will target the nation’s growing middle class. The first has already opened in Yangon, selling bowls of noodles for as little as US48 cents, with serving sizes to […]
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Retail Asia12/10/2017
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Telecom

Myanmar’s Global Technology to deploy LTE

1min0
Myanmar broadband service provider Global Technology Group has revealed plans to roll out LTE-based wireless broadband services in 30 cities starting in April. The operator plans offer high-end wireless broadband services to both residential and business customers. The rollout will cover cities in the Nay Pyi Taw, Magway, Bagon, Mon, Kayin and Tanintharyi regions, to […]
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Retail Asia06/10/2017
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Telecom

Ooredoo Myanmar launches mobile money service

2min0
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 non-registered users. Ooredoo said M-Pitesan is the only mobile money service in Myanmar that offers […]
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Retail Asia22/09/2017
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Finance

Contactless payments coming to Myanmar

2min0
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 Myanmar by the end of 2017, including supermarkets, convenience stores and petrol stations. “The launch of contactless payments is […]
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Retail Asia30/08/2017
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Telecom

Myanmar’s MyTel to launch 4G in 1H18

2min0
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 of fiber. This footprint would be double that of its nearest rival. According to […]
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