Tag: myanmar

Retail Asia10/12/2016
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3min0
Myanmar is getting its first ever publicly-accessible Burger King outlet, although whopper-enthusiasts will have to make their way to Yangon International Airport’s new domestic terminal to slake their hunger. The new Asia World-built domestic terminal – T3 – opened yesterday, with the first flights scheduled to take off later this week, according to Asia World. […]

Retail Asia09/12/2016
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2min0
MasterCard Myanmar and CB Bank have announced their first payment product, a prepaid travel card. The CB Bank Easi Travel Prepaid MasterCard is reloadable and is designed for Myanmar residents travelling outside of the country. It is the first such card product for Myanmar and is part of its evolving electronic payments ecosystem. CB Bank […]

Retail Asia08/12/2016
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2min0
Myanmar retail will get a boost from the lifting of US sanctions, opening the way for foreign investment. The official end of the restrictions was formalised on October 7 and confirmed by the US Treasury, unblocking sanctioned properties, removing various banking restrictions and reporting requirements for investment. Exporters and manufacturers are expected to be the […]

Retail Asia06/12/2016
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5min
MasterCard and CB Bank have announced their first payment product in the country – a prepaid travel card for locals called the CB Bank EASI Travel Prepaid MasterCard card. The reloadable prepaid card will be made available to Myanmar residents for when they travel outside of the country. It is the first such card product […]

Retail Asia01/12/2016
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3min0
Co-Operative Bank (CB Bank), a major commercial bank in the Republic of the Union of Myanmar (Myanmar), Myanmar Payment Union Public Co.,Ltd (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that CB Bank will start to issue JCB debit card in December 2016. The CB MPU-JCB […]

Retail Asia29/11/2016
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1min0
Myanmar plans to hold an auction for 1800-MHz spectrum in March next year, some three months later than initially expected. The Ministry of Transport and Communications will allocate spectrum to allow operators Telenor Myanmar, Ooredoo Myanmar and MPT to expand their 4G networks. The report cites the ministry’s deputy director of posts and telecommunications U […]

Retail Asia08/11/2016
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6min1
2C2P, the leading Southeast Asian payments company which processes billions of dollars in transactions each year, has announced 320,000 offline payment locations for its ‘123’ payment solution. ‘123’ is an alternative payment service. Through it, consumers of 2C2P’s merchants across Southeast Asia (SEA) can pay for their online purchases with cash or alternate means at […]

Retail Asia03/11/2016
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2min0
Telenor Myanmar will shift focus towards data services as the era of rapid initial subscriber growth comes to a close. Telenor Myanamar CEO Lars Erik Tellmann told that the competitive environment is rapidly changing, with operators targeting internet service use. Since launching services in September 2014, Telenor Myanmar’s subscriber base has rapidly increased to 18 million, […]

Retail Asia19/10/2016
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2min0
State-owned railway company PT Kereta Api Indonesia (KAI) has offered at least 600 old train cars to Myanmar. “We have about 600 20-year-old cars. They can run up to 60 kilometers per hour. But they need to be reconditioned,” KAI director of logistics and development Budi Noviantoro said in Yogyakarta. Budi explained that his company […]

Retail Asia16/10/2016
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7min0
The Asian Development Bank (ADB) is urging Myanmar to make big investments in its infrastructure and significant policy changes to help it tap its full economic potential. The ADB recommendations were made in a recent Transport Sector Policy Note. Decades of underinvestment and isolation have ensured the Southeast Asian country’s roads, rails, ports and airports […]

Retail Asia15/10/2016
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23min0
TrueMoney, a subsidiary of Ascend Group, announces the launch of TrueMoney Myanmar and the launch of its fund transfer solution, TrueMoney Transfer. TrueMoney Myanmar aims to be a leading financial service provider, offering bill payment, mobile topup, remittance, and cash collection services. With two offices, one in Yangon and one in Mandalay and a network […]

Retail Asia07/09/2016
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4min
The state-run firm currently has marketing subsidiaries in Sri Lanka, Mauritius and West Asia. IOC, as part of its overseas expansion, is set to come up with its first international product pipeline to Nepal. “We have submitted a bid to start retail outlets and also to set up LPG plants in Myanmar,” said Anish Aggarwal, […]

Retail Asia07/09/2016
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2min0
Myanmar wholesale telecoms infrastructure provider Golden 11 will deploy a hybrid power system from Flexenclosure to support the deployment of fiber transmission nodes in remote areas. Golden 11 constructs fiber networks, towers and data exchange facilities across the nation. The company will use Flexenclosure’s eSite technology to power and integrate the company’s fiber network where […]

Retail Asia24/08/2016
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2min0
Telenor and Myanmar state-owned operator MPT have both lodged expressions of interest regarding taking part in Myanmar’s first spectrum auction in October. The operators are among the potential bidders for 40 MHz of 2600-MHz spectrum reserved for mobile broadband services. Multiple ISPs and other companies – including Yatanarpon Teleport and Myanmar Telecommunication Network – have […]

Retail Asia19/08/2016
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4min
South-east Asian department store operator Parkson Retail Asia narrowed its fourth quarter net loss by 80 per cent, owing to the absence of costs associated with a store closure a year earlier. Parkson, which does not have stores in Singapore, reported a net loss of $12 million for the three months to June 30. Revenue […]

Retail Asia17/08/2016
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2min0
Ooredoo Myanmar has signed up 500,000 LTE users since launching 4G services in May and is pushing ahead with the operator’s ambitious rollout plans. The operator’s CEO Rene Meza told that the operator now has a total 4G population coverage of 4.6 million people in Yangong, Mandalay and Nay Pyi Taw. The company is concentrating its […]

Retail Asia17/08/2016
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3min0
Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar (Myanmar), Myanmar Payment Union Public Co.,Ltd (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the first JCB credit and debit card as AYA Universal MPU-JCB […]


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