Myanmar Digital Startup NEX Gets 2nd Round Funds From Blibros

Myanmar digital startup NEX has won second round funding of US$150,000 from Singapore’s Blibros Group, the privately-held investment arm of Sweden’s Böcker family. Yes, this is the family of Magnus Böcker, CEO of the Singapore Exchange and former CEO of Nasdaq OMX Nordic. NEX got its initial angel investment of $50,000 last year from Singapore […]

Myanmar’s Destination Management Company gets digital upgrades

THE upgrading of Myanmar’s data networks by new telecomms companies in the country are facilitating DMCs’ own systems upgrade with many turning to software-based solutions to handle bookings. A spokesperson from a Yangon-based travel agency who wished to remain anonymous, remarked: “Myanmar’s recent opening resulted in more bookings, and therefore we need a software that […]

Foreign investors to be invited to develop ICT City in Yangon

The construction and management of ICT City in Yangon will be carried out by foreign investors, said Myanmar Computer Federation, pioneering the project for software development. “We initially intended to carry out the IT park project but it was too big. So ICT City will be mainly for software development. We will invite foreign investors […]

Decades-old bets in Myanmar’s tech industry finally reap rewards

Local tech companies see major opportunities brought on by reforms in the country It may have taken almost two decades, but Tun Thura Thet’s investment in one of Asia’s poorest countries is finally paying off. “I’ve been waiting here for 17 years to have this moment,” he said, sitting at his office in Yangon, Myanmar. […]