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Japanese NTT sets up US$5M local subsidiary

Japanese tech major NTT is diving into Myanmar’s nascent but fast-growing digital economy with its newly-established subsidiary. The company announced that its subsidiary NTT Myanmar was granted a business-to-business wholesale licence from the commerce ministry to offer ICT solutions in the Myanmar market. The capital investment of NTT Myanmar is US$5 million (K7.2 billion), it […]

Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech

YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]

Govt to focus on supporting growth of digital economy, telecoms infrastructure

A senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]

‘Myanmar not quite ready for digital economy’

Myanmar has prepared a digital transformation roadmap for the years 2018 to 2025 built off a master plan drafted by the Digital Economy Development Committee (DEDC). Yet, the country is not ready for the digital economy, if indicators such as network readiness index, e-government development index, cyber security index and ICT development index are anything […]

New industrial zone proposed northwest of Yangon

Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the industrial zone is expected to require investments totaling US$500 […]

Beware of Facebook, abuse of Section 66(d): digital forum

Myanmar needs to address the spread of fake news on social media by empowering local journalists, providing freer access to information, and pushing for more responsible and conscientious use of the internet, said participants at the third Myanmar Digital Rights Forum in Yangon last month. “Now, more than ever, it is imperative that we make […]

Mongla Official Denies Chinese Firm Permitted to Set Up Autonomous Digital Economic Zone

The general secretary of the rebel-controlled Mongla Special Administrative Region on the Chinese border has denied any knowledge of a Chinese company’s plan to establish an independent political entity within its borders based on an “e-citizenship” system open to all with a digital economy supported by a cryptocurrency. In a program titled “Inside the Crypto […]

Myanmar urged to elevate 5G push

AS GOVERNMENTS around the world gear up to usher in the fifth generation of wireless technology atop their digital agendas, Myanmar should follow this trend by adopting 5G as a national strategy for the next decade, a forum has heard. Jianjun Zhou, vice president of Huawei Global Carrier Business Group, said Myanmar should draw up […]

Home-grown talent bring digital transformation to Myanmar enterprises

A GROUP of Myanmar whizz kids have set their hearts on becoming an integral part of Myanmar’s digital transformation journey by building up their own venture Nexlabs, a digital consulting firm focused mainly on digital solutions for companies to improve their business performance. Ye Myat Min, co-founder and chief executive of Nexlabs, said in an […]

Myanmar eyes e-commerce for jobs, trade and economic growth

Government officials, donors and partners have met to consider the United Nations Conference on Trade and Development (UNCTAD)’s appraisal of how e-commerce can boost Myanmar’s economy and the next steps forward. The power of e-commerce to create jobs and increase trade in Myanmar was in the spotlight on 30 October, as government officials, development partners, […]