- Italian-Thai’s hydropower project in lower Myanmar allegedly stops
- Swiss Upper House Speaker paves the way for Swiss investments in Myanmar
- Myanmar spends US$300m annually for palm oil imports
- First Central Cooperatives Business Center to be opened in June
- Wood, finished-wood products export gets exemption from custom check
- Best Western group to hand over Myanmar’s Green Hill Hotel
- Criticisms hit mall’s construction near sacred pagoda
- Import cargo services to be privatized in Yangon International Airport
- Myanmar to form “trade facilitation” force
- Myanmar Microfinance Bank to be launched
Published on Thursday, 10 January 2013 16:21
Japan International Cooperation Agency (JICA) plays a middleman to seek Japanese companies to work with the Central Bank of Myanmar, deputy director Aung Kyaw Than of the bank said.
To develop Myanmar banking system, JICA is assisting the Central Bank of Myanmar to create a cloud computing system [a system where data is stored and offered over a network].
KDDI Corp., Fujitsu Ltd., and Daiwa Securities Group are the Japanese companies to involve in this project by providing design and technical equipments.
The project will begin this year, and both sides are preparing to sign a memorandum of understanding. The system will help better banking service in Myanmar and enhance data and information security, Aung Kyaw Tun said.
Based on the system, Myanmar banks will be connected over a network for banking and financial services in the future.