Businesses, government must embrace digital technology to stay relevant

To develop and expand, Myanmar must embrace and keep up with the pace at digital technology is changing the economy and the way companies do business around the world, tech experts at the Digital Transformation Summit said. The summit was jointly held by the Myanmar Federation of Chamber of Commerce and Industries (UMFCCI) and US […]

Social Media Exhibits Its Disruptive Power in Myanmar

If the past two decades of foreign interventionism have taught us anything, it is that democracy cannot be imposed upon a nation unless it has the social, cultural, economic, and institutional architecture to enable it. The same should be said of democratic tools — including a free press, elections, and, of course, civic technologies. Facebook, […]

Capitalising on Myanmar’s millennial market

Nicky Min Ye Myat, a 28-year-old personal trainer at the Training Ground gym on the corner of 48th Street and Mahabandoola Road in Yangon, does most of his shopping online. The available selection of jerseys and jackets in local malls are expensive and limited, plus, they don’t usually come in his size, he said. But […]

Monetising Myanmar’s potential

The recent opening up of the country presents an opportunity for technology leap-frogging, even as the burgeoning IT sector is increasingly looking for investments and expertise from foreign companies THERE is little doubt that we are entering the golden era of the information age where innovation is continuing to disrupt a number of industries. At […]

Grab and Wave Money push e-payment

Taxi service firm Grab and the e-payment platform Wave Money signed an agreement to provide online payment for the taxi service on June 29 in Yangon. Wave Money, the first licensed mobile-money service in the country, has detailed a plan to implement e-money accounts for Grab taxi drivers, moving the cash-based payment towards online transactions. […]

Global economic instability drives the rubber price to decline

Rubber prices in Myanmar have declined due to global economic instability, particularly in durable goods markets and petroleum which are closely linked to rubber said U Khaing Myint, the general secretary of Myanmar Rubber Planters and Producers Association. Since May, a tonne of Myanmar rubber sold for about US$1,400 whereas the rubber price hit US$1,800-2,000 […]