Qatari telecom operator Ooredoo reports a 16.4 percent gain in second-quarter net profit, boosted by the performance of its businesses in Burma and elsewhere in Asia.
Broadband and mobile connections are set to improve in Burma’s capital and its largest city as two major providers of telecommunications services upgrade their offerings.
The US-government-backed Overseas Private Investment Corporation launches operations in Burma with a US$250 million loan to a company that builds and maintains telecommunications towers.
As the Burmese kyat stabilises, the price of gold goes up. World Bank predicts lower growth in Burma; EU signs trade deal with Burma; and more.
This week in business; Myanmar Brewery in deal dispute, Mercedes releases new car for Rangoon traffic, and a Thai telecoms firm ventures into the Burmese market.
This week in business; H&M voices support for a minimum wage, China tops list of foreign investors, and a visa-free agreement reached with Thailand.