Japan to build IT network for Myanmar

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Myanmar is in dire need to modernise its basic IT system with the help of foreign investment

The Daiwa Institute of Research, a major Japanese think-tank, has been chosen by the Central Bank of Myanmar to spearhead a $380-million project designed to develop an IT network for the Myanmar government that would connect all ministries as well as schools and hospitals to a cloud computing system and would also entail a secure online banking system for the country.

Slated to commence in September, the project will be the first major technological investment made in Myanmar since the US eased economic sanctions earlier this year.

Naypyidaw, the country’s capital, Yangon, the commercial centre, and Mandaly are to be the key locations where Daiwa will research for installing the proposed system.

With long-established ties to Myanmar, Daiwa has also been selected to help establish the local stock exchange.

Takashi Fukai, a president of Daiwa Institute of Research, told Reuters in an interview that Panasonic, Toshiba, Hitachi, NEC and Japanese telecom operator KDDI have shown interest in the project.

“We’re going into Myanmar in a way that is all-Japan,” he said.

That Daiwa is playing an integral part in building the stock exchange will solidify the company’s position in the country.

Fukai also told Reuters that more than 20 Myanmar companies from various sectors including  oil and gas, mining and agriculture are being approached for a possible listing on the exchange.

 

 

 

 

 

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[caption id="attachment_3964" align="alignleft" width="300"] Myanmar is in dire need to modernise its basic IT system with the help of foreign investment[/caption] The Daiwa Institute of Research, a major Japanese think-tank, has been chosen by the Central Bank of Myanmar to spearhead a $380-million project designed to develop an IT network for the Myanmar government that would connect all ministries as well as schools and hospitals to a cloud computing system and would also entail a secure online banking system for the country. Slated to commence in September, the project will be the first major technological investment made in Myanmar since...

Reading Time: 1 minute

Myanmar is in dire need to modernise its basic IT system with the help of foreign investment

The Daiwa Institute of Research, a major Japanese think-tank, has been chosen by the Central Bank of Myanmar to spearhead a $380-million project designed to develop an IT network for the Myanmar government that would connect all ministries as well as schools and hospitals to a cloud computing system and would also entail a secure online banking system for the country.

Slated to commence in September, the project will be the first major technological investment made in Myanmar since the US eased economic sanctions earlier this year.

Naypyidaw, the country’s capital, Yangon, the commercial centre, and Mandaly are to be the key locations where Daiwa will research for installing the proposed system.

With long-established ties to Myanmar, Daiwa has also been selected to help establish the local stock exchange.

Takashi Fukai, a president of Daiwa Institute of Research, told Reuters in an interview that Panasonic, Toshiba, Hitachi, NEC and Japanese telecom operator KDDI have shown interest in the project.

“We’re going into Myanmar in a way that is all-Japan,” he said.

That Daiwa is playing an integral part in building the stock exchange will solidify the company’s position in the country.

Fukai also told Reuters that more than 20 Myanmar companies from various sectors including  oil and gas, mining and agriculture are being approached for a possible listing on the exchange.

 

 

 

 

 

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