Norwegian telecom firm Telenor issued an announcement today on September 15 hinting at the deployment of surveillance tech in Myanmar by saying that its continued presence would require Telenor Myanmar to activate intercept equipment for the use of Myanmar authorities. "Having worked actively to avoid activation of intercept equipment, Telenor...
The Central Bank of Myanmar has auctioned USD 15 million in a day for the first time in September at the rate of MMK 1,750 per dollar while the rate in the informal market was at MMK1,900-2,000 per dollar. The dollar rate against Myanmar Kyat keeps breaking records since March,...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13. Although local media reported that the robbers got away with money as...
The local gold price when the market closed on Friday, September 10, was at K1.91 million per tical compared to K1.855 million on September 13 representing around a K50,000 drop over the weekends. (tical= 16.3 g) Global gold price is USD $1,789 per ounce on September 13. The local gold price...
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The M1 Group, which bought Telenor Myanmar's business operation in July, said that it has no contact with the Military. Telenor group sold 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD, of which 55 million USD is a deferred payment over five...
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"Fix the money, fix Myanmar" This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...