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Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. In 2013, its GDP (nominal) stood at US$56.7 billion and its GDP at US$221.5 billion. [1] The income gap in Myanmar is among the widest in the world, as a large proportion of the economy is controlled by supporters of the former military government. [2] [3]
The conglomerate is involved in various business sectors in Myanmar, ranging from trading and automobiles to insurance and microfinance. Young Investment Group (YIG) operates in various business sectors in Myanmar. They have established themselves as a prominent player in these industries, contributing to the country's economic development.
Mytel is the fourth telecom firm in Myanmar. It is a joint venture between Myanmar Army-backed Star High Public Co Ltd, which holds 48 percent, Vietnam's Ministry of Defence owned Viettel Group, which holds 28 percent, and Myanmar National Telecom Holding Public Ltd, a group of 11 local companies with a combined 23-percent stake. [10]
RedLink Communications is a private company headquartered in Yangon, Myanmar.It provides WiMAX broadband internet and other Internet and telecommunications services. Its WiMAX coverage includes areas in Yangon, Mandalay and Bagan [2] Established in 2008, it became the second (after Bagan Cybertech) privately owned Internet service provider in Myanmar.
The Ministry of Communications and Information Technology (Burmese: ဆက်သွယ်ရေးနှင့် သတင်းအချက်အလက် နည်းပညာဝန်ကြီးဌာန; abbreviated MCIT) was the government agency of Myanmar.
Mytel was granted a telecommunications license on 12 January 2017. [3] The company is operated as a joint venture, 49% owned by Viettel, which is controlled by the Vietnamese military, 28% owned by Star High Public Company, which is owned by the Burmese military's Myanmar Economic Corporation (MEC), and the remaining 23% owned by Myanmar National Telecom Holding Public Co Ltd, a consortium of ...
IGE also possesses Myanmar's second largest timber trading company. It also exports Burmese rice. It also exports Burmese rice. IGE Group of Companies was established in 1994 in Burma, and registered in Singapore in 2001.
Asia World is one of a few private companies in Myanmar that are involved in port management. [4] According to the Myanmar Port Authority (MPA), Asia World's subsidiary Asia World Port had the largest share of country's freight market in the fiscal year 2012–13, handling 45 per cent of goods that passed through Yangon.