Digital tech slowly seeping into Myanmar, but still a long way to go

Myanmar is trying to learn the ropes of recent advances in digitization that ease the often frustrating burden of manual, paper-based administrative and business procedures. The country’s first digital customs management system, the Myanmar Automated Cargo Clearance System, was launched on Nov. 15 at the customs offices near the Port of Yangon, the largest trading […]

How Long can Vietnam’s IT Industry Thrive on Low-Cost Labor?

Vietnamese engineers are now earning much less than their peers with similar skill sets in the region. Vietnam’s information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking […]

With Sanctions Eased, US Sees Economic Potential in Myanmar

STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely untouched by Western companies. The United States imposed heavy economic sanctions on Myanmar in 1997 over the ruling military junta’s repression […]

Myanmar’s mobile revolution

Myanmar has seen massive growth in internet penetration, mobile phone adoption and social media usage in the past few years, spurred by the end of direct military rule and rapid opening up of its market after decades of isolation. The consumer market in Myanmar has essentially bypassed the development stages seen in other economies and […]

US Investment in Burma Forecasted to Increase

RANGOON — US investment in Burma has strong potential to increase this year, experts said at a US-Burma Economic Relations seminar in Rangoon on Monday. Entitled “US-Burma Economic Relations: The Next Phase,” the seminar was jointly organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the United States Chamber […]

Yangon Heartz plans ‘smart city’

With Myanmar’s technology revolution in full swing, one Yangon-based ICT consultant is planning to push the boundaries further with a “smart city” project that will include a research and development centre for new technologies. Telecoms and IT solutions provider Yangon Heartz is looking for local or international partners to build the project at an estimated […]

IIIT-B to share teaching tips with Myanmar institute

BENGALURU: The International Institute of Information Technology, Bangalore (IIIT-B), a deemed university, is leaving its footprints in distant Myanmar. Teachers from Myanmar Institute of Information Technology (MIIT), Mandalay, are visiting IIIT-B to learn teaching methodologies used by the faculty here. IIIT-B, funded by the state government and IT sector, has been mentoring MIIT since its […]

KBZ launches Yangon stock exchange settlement system

Kanbawza Bank signed yesterday with the Yangon Stock Exchange (YSX) to run settlement and clearing operations for Myanmar’s first modern bourse. Last April the bank was chosen from among six local private banks who applied for the role to the Securities and Exchange Commission (SECM) of Myanmar. It will be responsible for delivering payments for […]

Flexenclosure Receives Multi-million Dollar Data Centre Order in Myanmar

Stockholm-based telecom infrastructure firm Flexenclosure has received a multi-million dollar data centre order from broadband service provider Burst Networks. Under the deal, Flexenclosure will deliver a customised prefabricated modular data centre, its eCentre, for Burst in Myanmar, which is considered one of the fastest growing ICT markets in the world. The eCentre will be built […]

ICT City Inches Forward, But Still an Empty Lot

The Myanmar Computer Professionals Association said it has earmarked land for the development of the Information and Communication Technology (ICT) city. The over 300-acre land is located near Yangon East University in Thanlyin. The tech park, to be developed by the Myanmar Computer Professionals Association, is aimed at creating job opportunities for local IT technicians. […]