Jon Frederik Baksaas, CEO of Telenor says the firm is in the final stages of telecom license negotiations with Myanmar's government.» Read More
SINGAPORE, July 23- After five years of explosive growth sales of high-end smartphones have hit a plateau and the $2 trillion industry- telecom carriers, handset makers and content providers- is buckling up for a bumpier ride as growth shifts to emerging markets, primarily in Asia.
Jon Fredrik Baksaas, CEO of Telenor, highlights that "growth has recovered" and discusses the share buyback program and expansion plans.
SA KAEO, Thailand/ SINGAPORE, July 15- Hidden in 18- wheeler trucks, carts and pick-up vans, hundreds of thousands of tonnes of rice are being smuggled from Cambodia and Myanmar into Thailand, although the country holds enough stocks to meet half the world's annual trade in the commodity.
BANGKOK, July 10- Siam Cement Pcl, Thailand's largest industrial conglomerate, plans to raise its 2013 sales growth target and boost cement capacity at home and in Southeast Asia in response to strong demand in the region.
July 3- The world suffered unprecedented climate extremes in the decade to 2010, from heatwaves in Europe and droughts in Australia to floods in Pakistan, against a backdrop of global warming, a United Nations report said on Wednesday.
*HSBC avoided criminal prosecution through settlement. *HSBC says bolstering oversight, has more to do. July 2- A federal judge has approved HSBC Holdings Plc's record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under U.S. sanctions.
Jon Fredrik Balsaas, president and CEO of Telenor, talks about the launch of operations in Burma (Myanmar), where there is a "lot of pent up demand".
Norway's Telenor and Qatar's Ooredoo have bagged the fiercely fought telecom licence auction in Myanmar but their task is just beginning says Sachin Gupta, Regional Head of Telecommunication Research, Nomura.
In a first on CNBC interview, Sigve Brekke, Head of Asia Operations at Telenor describes the firm's challenges ahead after becoming one of two foreign telco operators in Myanmar.
*Action would affect tiny share of imports from Bangladesh.
YANGON, June 27- Norway's Telenor and Qatar's Ooredoo won licences on Thursday to provide telecommunications services in Myanmar, bringing foreign companies into the sector for the first time.
NEW YORK, June 20- Bank of Tokyo-Mitsubishi UFJ has agreed to pay $250 million to New York state for systematically stripping out information from $100 billion in transactions involving sanctioned countries, including Iran, Sudan and Myanmar.
NEW YORK, June 20- Mitsubishi UFJ Financial Group Inc's Bank of Tokyo-Mitsubishi UFJ agreed to pay New York $250 million for moving $100 billion worth of transactions through New York from sanctioned countries including Iran, Sudan and Myanmar, according to New York governor Andrew Cuomo.
KABUL/ WASHINGTON- Revived Afghan peace talks hit their first roadblock on Wednesday, a day after they were announced, as Afghan President Hamid Karzai said his government would not join U.S. talks with the Taliban and would halt negotiations with Washington on a post-2014 troop pact.
UDON THANI, Thailand, June 16- Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many illustrating a boom in the Thai economy beyond the bright lights of Bangkok.
Nirgunan Tiruchelvam, Equities Analyst at Standard Chartered says there is an increase in disposable income in Southeast Asia which will have a positive effect on the consumption story in the region. He believes Myanmar's beer market has potential for strong growth.
Douglas Clayton , CEO of Leopard Capital tells CNBC's Cash Flow why he remains very bullish on the Mekong and Southeast Asian markets.
Meet Thaung Su Nyein, a new breed of Burmese, young, liberal, Western educated with a rare opportunity to pull his backward country into the modern age.
IMF Deputy Managing Director, Naoyuki Shinohara tells CNBC's Martin Soong that he's pleased with the progress of Myanmar's path towards vivid economic growth.
Jon Fredrik Baksaas, CEO of Telenor talks about the company's bid for a telecom license in Myanmar and Telenor's long term strategy in the country.