The ICT sector is perhaps Myanmar’s most advanced area of the steadily growing economy. Nevertheless, the era...
Myanmar ICT
Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. A focus on following international best business practices and reducing the informal economy, paired with an annual GDP growth forecast at around 6% in the coming years, is setting Myanmar on a path to catch up with some regional peers.
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Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. A focus on following international best business practices and reducing the informal economy, paired with an annual GDP growth forecast at around 6% in the coming years, is setting Myanmar on a path to catch up with some regional peers.
A new wave of digital innovation is reshaping Myanmar’s economy, as a remodelled national strategy and increased competition enhance the performance of the ICT sector. Prior to the liberalisation of Myanmar’s telecommunications industry, SIM cards and mobile phones were a luxury only the wealthy could afford, but they are now becoming much more widespread, though there is still progress to be...
Although Myanmar has been faced with internal conflict, a new long-term economic agenda, alongside rising oil and gas prices and considerable growth in some manufacturing segments, are set to encourage increased foreign direct investment inflows into the country.
Chapter | Telecoms & IT from The Report: Myanmar 2018
The expansion of Myanmar’s telecoms market continues to live up to its early promise, with industry reform viewed as the most significant economic success since the military ceded power in 2011. In the relatively short period of time since, the sector has become an important enabler of socio-economic development, attracting billions of dollars in investment, fostering the emergence of tech...
Occupying a strategic position at the crossroads of India, China and Thailand, and now in its seventh year of sweeping economic liberalisation and political transition, Myanmar remains one of the fastest-growing economies in South-east Asia.
Chapter | Telecoms & IT from The Report: Myanmar 2017
The expansion of Myanmar’s telecoms market continues to live up to its early promise, with the reform of the industry viewed as the biggest economic success since the military ceded power in 2011. The dramatic surge in network coverage has empowered local businesses and provided remote villages with the opportunity to connect to the outside world. The country’s IT segment continues to attract...