Myanmar AsiaBurma Asia
From 1958-1962, the Foundation's Myanmar bureau provided comprehensive assistance to the country's policy, economics, social and education policy improvements. In 2013, we established an agency in Yangon, working with governments, the non-governmental community and NGOs to meet the crucial needs of Myanmar, which is continuing to face the difficult shift from militarist authority to democratisation and from conflict to conflict.
The work we do involves developing the country's ability to integrate regionally and globally, strengthen institutional and procedural structures of good government, contribute to an informative dialogue on crucial questions related to the peacemaking exercise, support for integrated social economy policies, promote women's involvement and policy-making, and improve openness to information.
As Myanmar opened up to the outside after 49 years of global reign, many companies looked to the area. Myanmar was rated 167th out of 189 nations in the 2015 rankings of the WB and fell 3 places by June 2016.
Aung San Suu Kyi, Myanmar's State Councillor, announced the long-awaited five-year fiscal stance in July 2016 in reaction to the suffering of the global economies and the development of the domestic markets. Though criticised as vaguely and non-structured, the scheme targets the areas where the state is interested in increasing outlays.
Fourthly, Myanmar is focusing on the emergence of infrastructures such as electricity, road, port and the emergence of a global eGovernment system. Burma has signalled its willingness to return to the global market through recent socio-economic and policy reform. Myanmar's reform will enable it to generate powerful and sustained indigenous economies and raise the standards of its people.
Burma recognises that ICT is a major factor and a socio-economic developing area. Launched in 2013, the framework for economic and social reform defines political objectives up to 2016, including the evolution of wireless and the cyberspace. Full liberalisation of the industry through non-discriminatory opening of the ICT markets to external and internal investment.
Development of the web infrastucture to enable a complete e-strategy for jumping. Most of the IT expenditure is currently accounted for by IT revenue, which will amount to $165.9 million in 2015 and should rise to $256.41 million by 2019. On the other hand, expenditure on softwares in 2015 was $19.59 and is estimated at $35.19 million for 2019.
As the regulatory authorities support the evolving environment, companies need to adjust their businesses to meet competition in the area.