Money

Telco networks ordered to shut down in Myanmar

Published

3 years ago

May 7, 2021

As the crisis in Myanmar continues – the military has now ordered telecom operators to shut their networks in an effort to end protests against its February coup.

Telco giant ‘Telenor’ is now facing a business crisis, the junta throwing operations into limbo.

As one of the few Western companies to bet on the South East Asian country after it emerged from military dictatorship a decade ago.

Norwegian telco @Telenor_mm has written down its $780m business in #Myanmar to zero in the wake of the coup. Once regarded as success story of the reform period. Now see “limited prospects of improvement going forward”. https://t.co/oZ5d3xBKYa #WhatsHappeningInMyanmar pic.twitter.com/YLiyHIiPpM
— Poppy McPherson (@poppymcp) May 4, 2021

The return to army rule has officially led to a $783 million write-off this week for Norway’s Telenor.

The Norwegian state-controlled firm, one of the biggest foreign investors in Myanmar, must now decide whether to ride out the turmoil or withdraw from a market that last year contributed 7% of its earnings.

“We are facing many dilemmas,”

While Telenor plans to stay for now, the future remains uncertain.

Money

Research key to investment success

Published

12 hours ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

15 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Money

Unpacking crypto ‘prop trading’

Published

3 days ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.