Myanmar recorded over 4880 hours of internet blackout time in 2019, costing the country US$75.2 million, a report by a digital privacy organisation estimates. The international internet research firm Top10VPN released a report – Global Cost of Internet Shutdowns in 2019 – last week, revealing a global economic cost at $8.05 billion for shutting down […]
Read MoreThe Directorate of Communications of the Ministry of Transport and Communications said mobile SIM cards not used for six months would be blocked permanently. The directorate said users must register their SIM cards at the shops where they were bought in accordance with the law. When buying new SIM cards, customers are required to make […]
Read MoreThailand’s Kasikorn Bank (KBank) is preparing to invest in Ayeyarwaddy Farmers Development Bank (A Bank) in Myanmar, KBank told The Myanmar Times via email. The Thai bank said it is looking to buy a 35 percent stake in the A Bank and has sought approval from the Central Bank of Myanmar (CBM) to do so. The move […]
Read MoreThe ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent […]
Read MoreHanoi (VNA) – Senior economic officials from Cambodia, Laos, Myanmar and Vietnam (CLMV) gathered in Hanoi on January 12 for their 18th meeting hosted by the Vietnamese Ministry of Industry and Trade (MoIT). This was an important meeting of the CLMV economic cooperation mechanism within the economic cooperation channel of the Association of Southeast Asian Nations (ASEAN) in 2020. The […]
Read MoreIn a January 9 statement, the Dawei SEZ Management Committee said changes have been made to the contractual arrangements with Italian-Thai Development Company Ltd (ITD) for the development of initial industrial estate in Tanintharyi Region. According to contract amendment, ITD and other investors must compensate and resettle villagers affected by industrial zone project. It must […]
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