June 11, 2013
Reposted from The Wall Street Journal
By SHIBANI MAHTANI And NATASHA BRERETON-FUKUI
NAYPYITAW, Myanmar—Microsoft Corp. MSFT -0.56% on Thursday established a presence in Myanmar for the first time, forming an exclusive partnership with local firm Myanmar Information Technology as the central supplier for all of its products in the emerging market.
The move represents the “first step” in Microsoft’s plans for the market, with the company focusing on distributing its products rather than any manufacturing operations, Jamie Harper, president for new markets in Southeast Asia at Microsoft, said in an interview on the sidelines of the World Economic Forum on East Asia.
“All infrastructure in the country depends on computing power,” said Mr. Harper, who sees opportunities for Microsoft in Myanmar’s large government sector and in business-to-business operations. More…
May 1, 2013
Reposted from The Caribbean Journal
Bilateral trade between Mexico and Haiti stood at $61.7 million last year, a number Haiti President Michel Martelly and Mexico President Enrique Peña Nieto say is well below its potential.
Martelly and Nieto held a working meeting last week within the context of the Fifth ACS Heads of Government summit in Port-au-Prince, pledging to increase both trade and general cooperation between the two countries. 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…
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 13, 2013
Reposted from Mizzima News
US communications giant Cisco has announced that it will collaborate with the US Agency for International Development (USAID) to establish two networking academies to train Myanmar people for work in the IT industry.
“Cisco has a long track record of supporting the development of emerging economies through education, and the Cisco Networking Academy program will equip students in Burma [Myanmar] with industry relevant skills for the 21st century workforce, as they transform their country and their communities,” said Sandy Walsh, regional director of Cisco’s Social Innovation Group, in a statement. More…
January 24, 2013
Reposted from BBC
Kenya has broken ground on a US $14.5 billion project to build a new ICT city, dubbed Africa’s “Silicon Savannah”
Kenya’s president has launched a $14.5bn (£9.1bn) project to build a new city intended to be an IT business hub and dubbed “Africa’s Silicon Savannah”.
It will take 20 years to build Konza Technology City about 60km (37 miles) from the capital, Nairobi.
It is hoped that more than 20,000 IT jobs will be created in Konza by 2015, and more than 200,000 jobs by 2030. More…
November 21, 2012
Reposted from The Phnom Penh Post
By Rupert Winchester
Farming is one of the key components to Cambodia’s growth
A NEW report from the Organisation for Economic Co-operation and Development (OECD) says GDP growth in Cambodia over the next five years is likely to hit 6.9 per cent, the highest of any ASEAN country apart from Laos. More…
October 19, 2012
Reposted from The Economist
Africa’s economic growth is attracting Western investors
Oct 20th 2012 – After giving a speech at a business conference in London a young analyst chatted with investment executives in the audience, then followed two of them to a nearby hotel lobby. Over glasses of Chablis the executives raved about their company’s worldwide network of extravagantly decorated offices and their fat annual bonuses. Then they offered the analyst a job. What surprised him was not their interest, nor the chunky salary, but the place where they wanted him to help invest their millions: west Africa, the most backward part of a poor continent.
In recent years investors have been piling into Lagos and Nairobi as if they were Frankfurt and Tokyo of old. Anaemic growth in the rich world has made sub-Saharan Africa an attractive destination for money and its managers. Foreign direct investment has increased by about 50% since 2005. Once regarded as casinos, local capital markets now seem less risky. J.P. Morgan has just added Nigeria to its government-bond index for emerging markets; South Africa had hitherto been the only African country on its list. The American bank, the world’s biggest underwriter of emerging-market debt, predicts that adding Nigerian bonds to its benchmark will lure an extra $1.5 billion to the country. New funds will pay for so far non-existent infrastructure on a continent with a land mass equivalent to that of China, India, Japan, America, Mexico and Europe combined (see map). More…
October 15, 2012
Intellectual Property Organization Chairman Hameed Ullah Jan Afridi
Reposted from The Nation
ISLAMABAD – Intellectual Property Organization Chairman Hameed Ullah Jan Afridi has said that the phenomenon of energy shortage is fairly common in most of under developed world, however many of these countries are managing the situation pretty well by way of a solid strategy, planning and utilisation of techniques and solutions that are already commonly available all over the world. More…
October 10, 2012
Reposted from Energy Global
Mining sector’s contribution to Myanmar’s GDP was US$ 2.3 billion in 2000 and hit US$ 56.2 billion in 2010
The levels of industrial growth expected in Myanmar could potentially benefit every layer of society promoting employment opportunities and economic development, but this would require the country to adopt holistic development policies in order to compete with the numerous other middle income Asian nations. More…