Tuesday, July 24, 2012

Daiwa involved in US$ 380 million Burmese project

Tuesday, 24 July 2012 15:50 Aye Kyawt Khine

Rangoon (Mizzima) – Daiwa, a Japanese technological company, will lead a US$ 380 million plan to build a Burmese government computer “backbone” connecting key government sectors, an official from the Myanmar Computer Industry Association (MCIA) said.

Thaung Tin, an MCIA executive, said under the project Daiwa would provide the computer technology, software, equipment and expertise.

The project includes providing a secure online banking system for the Central Bank of Myanmar in Naypyitaw and Rangoon.

The banking project will start in September. In August, Daiwa, Myanmar Investment Commission, Myanmar Computer Industry Association and others will sign an agreement.

The program represents the first major technological investment in Burma involving foreign companies since the U.S. lifted economic sanctions against Burma, said Aung Zaw Myint, a central MCIA executive.

Reuter’s said Daiwa's plan would connect major government sectors in Burma as well as schools and hospitals to a “cloud” computing system that it sees as a cheaper and faster alternative to building traditional server-based systems in a country where the supply of electricity and network engineers remains scarce.

The "cloud" system was expected to cost about $384 million, and start with the central bank's hubs in the capital Naypyitaw, the country's biggest city, Rangoon, and the second largest, Mandalay.

As a part of the plan, Daiwa will cooperate with dozens of computer and technological companies in the project.

Daiwa is also involved in building a computerized Burmese stock exchange.

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