September 2, 2013
A controversial law to prevent Vietnamese internet users from sharing news articles drew criticism on Tuesday from human rights groups which said the decree is designed to clamp down on dissent in the one-party Communist state.
Known as Decree 72, the new law which came into effect on September 1 not only limits blogs and social websites to exchanging ‘personal information’ – original material generated by users – but requires foreign internet companies to locate their local servers inside Vietnam. More…
June 26, 2013
Vehicles drive past an advertising board of Singapore Telecommunications Ltd (SingTel), one of the bidders for the telecommunications licenses, in Yangon.
Reposted from International Business Times
By Sophie Song
With Western trade sanctions lifted, Myanmar is now the investment darling of the world — in addition to Coca-Cola (NYSE:KO) and Unilever (LON:ULVR), IT and communications companies have all set their eyes on the country as one of the last unconquered frontiers of Asia.
With a population of 60 million, Myanmar currently has a mobile penetration rate of 5 percent. Internet penetration is even lower at around 1 percent, according to PC World.
“When was the last time a market of 60 million people fell out of the sky?” said Martin Sorrell, head of advertising and marketing giant WPP Plc, which has invested in media agencies in Myanmar, according to Reuters. “This is one of the last frontiers.” More…
June 16, 2013
Reposted from Myanmar Business Network
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. “After 10 or 12 years, we almost gave up.”
Tun Thura Thet is CEO of Myanmar Information Technology (MIT), one of the few software companies that managed to survive under the country’s military rule. But after years of facing a stagnant business environment, Myanmar’s tech industry is starting to tap into opportunities brought on by the nation’s move toward democracy. More…
June 14, 2013
Reposted from Telecom Lead
For bagging telecom license, Myanmar received bids from Airtel, Axiata, Digicel, France-Tel, KDDI, Millicom, MTN, QTel, SingTel, Telenor and Viettel.
Myanmar is planning to invite bids for providing Internet services and building a national fiber optic network.
Myanmar has 14,000km of fiber and some 1,800 telecom masts.
Myanmar, which is opening its telecom market for foreign telecom giants, has received overwhelming response from global mobile operator when they started the bidding process for two telecom licenses. More…
April 25, 2013
Burmese students access the web at an Internet cafe in Yangon.
Reposted from asiancorrespondent.com
By Chan Myae Khine
Much of the news and debate surrounding Burma these days is on peace and conflict in the nation, and analysis of politics, corruption and civil war. However, issues such as technology and the Internet in Burma seem to fly under the news radar.
The Internet market in Burma is not a vibrant one, but technologists and entrepreneurs are becoming more hopeful that it is just a matter of time before the people of Burma can buy and sell online. Investors are coming to Burma in droves, but so far there is now method of online payment.
There is no online banking system in Burma, although ATMs have been available since last year. PayPal has yet to make its services available in Burma. More…
April 25, 2013
Reposted from The Daily Star
Analysts take part in a roundtable — Bridging the internet usage gap: urban and rural areas — organised by the ICT ministry and The Daily Star at the newspaper’s office in the capital yesterday.
The country needs to make internet more affordable to achieve the penetration levels it so desires, analysts said yesterday.
“Internet penetration is eight times lower in rural areas than in urban ones. So there is need of enforcement and incentive,” said Nazrul Islam Khan, information and communication technology (ICT) secretary.
Although the government plans to reduce the bandwidth price from Tk 8,000 to Tk 5,000 for per megabits per second, Khan suggested going step ahead and slashing it to Tk 3,000. More…
March 28, 2013
Africa’s internet penetration is low and offers a compelling investment opportunity
Reposted from How We Made It In Africa
By Kate Douglas
ICT in Africa is a blooming industry with its own set of unique opportunities and challenges. In the past decade, the growth of Africa’s mobile industry is considered to be one of the continent’s successes in development and technology. Services like M-Pesa have been innovative in developing solutions for an African context, offering mobile banking and money transfers where many remain unbanked. According to a recent report by the African Development Bank (AfDB), ICT in Africa remains an attractive business area. More…
March 25, 2013
Reposted from Mizzima News
Google’s executive chairman Eric Schmidt during a conference at a technology park in Yangon on Friday, March 22, 2013.
Google’s executive chairman Eric Schmidt called for “free speech” and for the government to be kept out of internet regulations during a speech to students in Yangon on Friday.
“Try to keep the government out of regulating the internet. The answer to bad speech is more speech and more communication and voices,” said Schmidt.
He said that the company’s first priority in Myanmar would be to to improve access to information through its search, translation and mapping applications. More…
March 18, 2013
Reposted from Fox Business
By Shibani Mahtani
Google Inc. Executive Chairman Eric Schmidt heads to Myanmar next week, a sign of the Southeast Asian country’s appeal to leading U.S. technology companies as it emerges from decades of secrecy and crippling Western sanctions.
The visit, set for March 22, will be the first by a high-level executive from a major U.S. technology company. Many American companies have been held back by U.S. regulations that restrict their access to this market of 60 million people, giving international rivals an edge.
Mr. Schmidt’s visit follows a high-profile personal trip to North Korea, which has similarly low Internet penetration but remains far more isolated and closed off to U.S. companies than Myanmar, now widely seen as the region’s newest investment darling. More…
March 7, 2013
Summit Partners has invested US $26 million into the “African Amazon.com”
Reposted from Ventures Africa
Jumia, Africa’s largest and fastest-growing e-commerce retailer announced today that it has received an investment of €20 million ($26 million) from leading growth equity investor Summit Partners.
Summit Partners, a growth equity firm that invests in rapidly growing companies, will take a stake in Jumia through its German holding company, and Jumia will use the funds to further growth in Africa. More…