Ooredoo Myanmar announced that it earned about US$91.7 million during the first quarter of this year, a 42-per-cent increase compared with the same period last year.
The number of subscribers to the telecoms provider reached 6.9 million, an increase of 19 per cent compared with the last three months in 2015 and an increase of more than 100 per cent from the first quarter of 2015.
According to discussions at the Yangon Stock Exchange (YSX), many shareholders are saying that change is necessary.
Worries concerning extremely unstable share prices within weeks of its opening as well as being automatically put on the US sanctions list were raised at the "Impact of the establishment of the YSX on the financial services industry” discussion organised by the Oxford Business Group.
Myanmar rice exported to Indonesian’s Sarabaya Port has still not been unloaded from its cargo chip, according to the vice chairman of the Myanmar Rice Federation.
“We will find out in a day or two whether it will be allowed to be unloaded or not. It has been sitting at the port for quite long already, which could have been damaged our rice quality. We will get complaints from the [Indonesian buyers] when they unload the rice and see its condition. Then, we will find out a solution,” said MRF vice chairman Dr Soe Tun.
In an attempt to attract investments, Myanmar has prioritised labour-intensive industries, agro-based industries and other infrastructural projects, according to policies set by the Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission.
The Myanmar Workers Union Network yesterday called on the new government to enact a minimum wage of Ks 5,600 at a ceremony marking International Workers’ Day in Hlaingthaya Township, Yangon. The ceremony was attended by MPs from the National League for Democracy, members of labour unions and farmers unions, officials from political organisations and around 500 workers.
The Myanmar Workers Union Network released a nine-point statement yesterday, urging the new government to deal with address the issues related to labour rights.
Three telecom companies, including Myanmar National Telecom Holding Public Ltd, Star High Public Co Ltd and Viettel from Vietnam are negotiating a business plan to form the fourth telecom company to operate in Myanmar.