YANGON, Myanmar - Myanmar is ringing in 2013 with its first public New Year's Eve countdown and a grand fireworks display, a celebration unprecedented in the former military-ruled country.
The party is the latest, and perhaps most exuberant, example of the country's emergence from decades of isolation.
Daiwa Institute of Research Ltd., Fujitsu Ltd. and KDDI Corp. said Dec. 25 they have built an online computer system for the Central Bank of Myanmar and that, in doing so, they have created the country's first cloud data-storage environment.
The companies said the new system was designed to improve
efficiency at the bank, where many operations have traditionally been
performed by hand.
Myanmar is currently trying to modernize its financial sector by creating institutions such as a stock exchange.