Myanmar

Myanmar: another positive sign of progress in Myanmar's growing international acceptance -- Norway will upgrade its diplomatic office in Yangon to full embassy status. President Thein Sein is on visit to Norway as part of his European tour, in which both countries leaders expect broadened cooperation on the exploitation of energy and other natural resources. Norway is Western Europe's largest oil and gas producer. In addition, both countries discussed improving mobile phone coverage in Myanmar, which current stands at 5-7%. Norway believes "there's room for Telenor" in Myanmar, pointing to possible devt of Myanmar's telco infrastructure. Telenor , the Nordic region's largest phone operator, is amongst the 91 expressions of interest submitted for the mobile phone licenses in Myanmar. Amongst the M-Chips, Yoma develops residential properties, with current focus being on its Star City devt project. It will also embark on devt of an iconic integrated mixed devt for hotel , office and retail use. Interra Resources has E&P activities in Myanmar , under partnership with Myanmar Oil & Gas Company (MOGE). Ntegrator and NeraTel offer telco infrastructure services in Myanamr. mDR is in the midst of setting up a JV with a local Myanmar player, for the distribution and after-sales services of handphones in Myanmar.