SEANET launched the new Satellite to give Faster Broadband Internet to Myanmar

IT services firm Southeastasia Net Technologies Myanmar Co Ltd (SEANET) has launched a new satellite network to bring broadband internet to Myanmar. The network is known as a Very Small Aperture Terminal (VSAT) and the company will be looking for clients such as NGOs, banks and cellular operators to provide a dedicated stream of data for their customers.

“VSAT delivered internet will play a pivotal role in developing Myanmar’s ICT infrastructure,” U Pyone Maung Maung, chairman and managing director of SEANET Myanmar, said.

Myanmar Company Registration Service

We provide Myanmar company registration services from either Bangkok or Yangon,
depending on your preference. Please contact us for a free consultation about your requirements of corporate secretarial service in Myanmar.

Myanmar offers two options to foreign investors registering a business entity in Myanmar. Such business activities that need substantial investments as manufacturing, construction, mining, hotels & resorts, agriculture and transportation have to be registered under the Myanmar Foreign Investment Law (MFIL) through the Myanmar Investment Council (MIC). The Myanmar Companies Act (MCA) allows foreign service providers to register companies for other services.

Aussie Miner Acquires Majority Stake in Sagaing Copper Project

Australian mining company Metro Mining has signed a joint venture agreement to acquire 80 percent of a copper project in Sagaing Region in Myanmar.

The Mahar San project is highly prospective for copper, gold and base metal mineralisation in Volcanic Massive Sulphide (VMS) settings, according to the company.

Google showing Myanmar Burma Map

Foreign Traders are being Encouraged to buy Gems and Jade

In what appears to be a bid to stimulate the market after last year’s disappointing results, foreign traders are being encouraged to buy gems and jade lots to be sold at the 53rd Myanmar Gems Emporium. The absence of Chinese buyers at last December’s emporium was linked to the poor sales, organizers said.

However, the foreign traders will also be asked to stump up bigger deposits, to help ensure that they complete the purchases they say they will make. Goods on sale also include gold and silver, pearls and sculptures.

U Than Zaw Oo, deputy director of the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times that local traders would have to deposit the same sum as last year for the emporium, to be held in Nay Pyi Taw’s Mani Yadana Jade Hall.

Myanmar’s 53rd Jade, Gems and Pearls Emporium

More than 100,000 pearls worth €1.3 million will be displayed and sold by Myanma Pearl Enterprise in the 53rd Myanmar Jade, Gems and Pearls Emporium this month.

The exhibition will be held at Maniyadanar Jade Hall in the capital Naypyitaw from June 24 to 26.

Approximately 250 series of pearls will be displayed in the exhibition, according to MPE, which is under the Ministry of Mining.

Pearl series are groups of pearls separated by size and quality. Pearls which have same size and quality are regarded as belonging to the same series. Different types of series will have different prices. Each series will contain an average of 384 pearls.