|Paunglaung dam in 2013. Photo: Mizzima|
The Myanmar government plans to focus efforts on building 20 hydropower plants within the Ayeyarwady River basin, according to HydroPower news on February 27.
|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.
|Photo: Lynn Bo Bo/EPA|
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.
|Located opposite the Sule Shangri-La Hotel and the Sakura Tower and adjacent to the famous tourist destination of Bogyoke Aung San Market, the Landmark Development project is at the heart of the downtown Yangon business district. The prime site currently hosts FMI Centre, the Grand Meeyahta Hotel building (which ceased operations in October 2013) and one of Yangon’s most famous heritage buildings, the former Burma Railway Company Headquarters, which was built in 1877. Graphic: Yoma Holdings|
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.
|QNET Director Mr Krishna Kumar, (L) signs the agreement with local partner, QNET Agent U Kyi Min Han (R) on March 9, 2015. Photo: QNET|
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.
NEW YORK (AFP) - New York state's banking regulator fined Standard Chartered Bank US$300 million and imposed restrictions on its dollar-clearing business on August 19 for not detecting possible money laundering.
|Myanmar-India trade route Kalemyo to Tamu town, a border town, on November 28, 2014. Photo: Hong Sar/Mizzima|
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.
|Construction underway at the Dawei Special Economic Zone site. Photo: Mizzima|
China is showing interest in reviving long-standing proposals for a deep-water canal through the narrowest part of Thailand’s long peninsula to link the Indian Ocean with the South China Sea.
|An AirAsia plane about to take off behind a boarding Malaysia Airlines plane on the resort island of Phuket, southern Thailand, November 2, 2014. Photo: Barbara Walton/EPA|
Myanmar President U Thein Sein has offered Malaysia a chance to operate flights linking Malaysia and Mandalay, one of the country's main tourist attractions, according to Bangkok Post on March 16.