So Myanmar is spending vast sums on defence and not on developing sectors like education, health and infrastructure? Money spent on defence cannot go on nation building sectors.
nope. the purpose of company is to support military and reduce military budget from national spending .
it is operated by own fund , not from gov budget. it have to pay tax like other companies. it even paid over 300,000 jobs and also top ten tax payer in Myanmar. last year alone , just one of its companies paid $30 m as tax. is it contributing in economic and development sector of country? and dont forget even BD is following this way.
the latest investment in Myanmar by Army
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MyTel to spend USD1.5bn on 4G network rollout
29 Aug 2017
Myanmar
Vietnamese telecoms group Viettel has unveiled plans for its Myanmar wireless joint venture Myanmar National Tele & Communications (MNTC), which it co-owns with Myanmar National Telecom Holding – a consortium of eleven local firms –
and Star High Public Company, a subsidiary of Myanmar military-owned Myanmar Economic Corporation (MEC), the latter of which already has a presence in the market as MECTel. MNTC, which will operate under the MyTel brand, will launch a 4G-only network in the first quarter of 2018, leapfrogging 2G and 3G technologies, Vietnamese news outlet Bizhub writes, citing senior MyTel officials. The operator is aiming to roll out a total of 7,200 base transceiver stations (BTS), covering 90% of the population, and supported by 33,000km of fibre-optic cabling. In addition, MyTel will provide internet services to 1,350 schools along with computers and software. In total, the deployment is expected to cost around USD1.5 billion, of which Viettel will stump up 49%. Viettel also noted that it planning to apply domestic charges for users roaming between Vietnam, Myanmar and Laos.
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Kan Thar Yar International Specialist Hospital inaugurated
Submitted by Eleven on Wed, 12/27/2017 - 14:57
Writer:
Kyaw Zin Win
Military Chief Senior General Min Aung Hlaing arrives to attend the inauguration of Kan Thar Yar International Specialist Hospital. (Photo: Office of the Commander-in-Chief)
The Myanmar Economic Corporation inaugurated Kan Thar Yar International Specialist Hospital located near the bund of Inya Lake on Pyay Road in Yangon on Tuesday.
The inauguration ceremony was attended by Commander-in-Chief of Defence Services Senior General Min Aung Hlaing, the Office of the Commander-in-Chief reported.
Union Minister for Health and Sports Dr Myint Htwe, Chairman of Myanmar Economic Corporation Quartermaster-General Lieutenant General Nyo Saw and Yangon City Development Committee Chairman Mayor Maung Maung Soe opened the ceremony, while Senior General Min Aung Hlaing formally unveiled the hospital signboard.
The specialist hospital is located at No 87 near the bund of Inya Lake at 6½-mile on Pyay Road in Yangon.
The hospital, as a one-stop service centre, will provide comprehensive health care services for heart and kidney patients to enable Myanmar citizens to conveniently have medical treatment at home at a fair cost. In providing medical treatment, the hospital will use modern pathology machinery and advanced technologies.
The specialist hospital is equipped with an out-patient cardiology department, out-patient nephro-uro department, cardiovascular department, haemodialysis department, cardiac special intensive care department, emergency department and operating theatres.
The ceremony was also attended by Commander-in-Chief (Navy) Admiral Tin Aung San, Commander-in-Chief (Air) General Khin Aung Myint, military dignitaries and Yangon Region ministers.
http://www.elevenmyanmar.com/local/12923