Asia IoT Business Platform Myanmar
When Myanmar opened up to the world after 49 years of military rule, many corporations turned their eye to glance at the local market. As time goes by, it has been realized that the country poses enough challenges to profit corporations in a few years’ time, and not for the present. In fact, Myanmar was ranked 167 out of 189 countries in the World Bank’s ease of doing business ranking in 2015, and dropped 3 places by June 2016.
In response to alleviating the economy’s pain and developing the local market, in July 2016, Myanmar’s State Counselor, Aung San Suu Kyi released the long awaited 5-year economic policy. Although the plan has been critiqued to be vague and unstructured, it addresses the areas, in which the country is interested to increase spending. The fourth point decrees that Myanmar would prioritize infrastructure development, such as power, roads, ports, and in concocting digital strategy as well as e-Government system.
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