Written by Published in Economy
mobile-phone-handsets
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.

Written by Published in Economy
The Wealth Report waxes lyrical about the opportunities Yangon presents for investment and growth, along with a handful of other up-and-coming cities around the world. Photo: Mizzima
The Wealth Report waxes lyrical about the opportunities Yangon presents for investment and growth, along with a handful of other up-and-coming cities around the world. Photo: Mizzima

Yangon is on the list of the world’s top cities that may soon become global financial capitals and havens for the super-rich, global real estate consultancy Knight Frank predicts in its annual Wealth Report, released last week.

Written by Published in Economy
Taiwan-farmer
A farmer working in a rice field in Hualien County, eastern Taiwan, October 5,  2011. Photo: David Chang/EPA

Taiwan is seeking to bring in migrant workers from Myanmar to resolve labour shortages in the manufacturing and agricultural sectors, reports CNA on March 9.

Written by Published in Economy
Sumitomo
Photo: EPA

Sumitomo Corporation says it has won an order to construct a thermal power plant to power Thilawa and Yangon, reports the Japan Times on March 6.

Written by Published in Economy
Millcon welcomes some visiting officials from the Ministry of Science & Technology, Myanmar on March 5, 2015. Photo: Millcon Steel Industries PCL
Millcon welcomes some visiting officials from the Ministry of Science & Technology, Myanmar on March 5, 2015. Photo: Millcon Steel Industries PCL

Thai stock exchange-listed steelmaker Millcon Plc (MILL) is expected to start its operations in Myanmar next year after being granted a licence to invest in the special economic zones recently, reports the Bangkok Post on March 5.

Written by Published in Economy
China-manufacturing
China's economy slowing. Workers at Hanwang Technology assembling electronic books in their factory near Beijing, China. Photo: Adrian Bradshaw/EPA

China lowered its 2015 economic growth target to "approximately seven percent" on March 5, as authorities seek a more sustainable path for the world's second-largest economy after its decades-long boom.