DIR is closely involved in the development of a capital market in Myanmar, including the provision of support for establishment of a stock exchange under a memorandum signed with the Cental Bank of Myanmar in May 2012.
In today's global financial and capital markets, IT systems are absolutely indispensable. DIR decided to establish DAT together with ACE to provide support for the introduction and deployment of IT technology in Myanmar's financial and capital markets.
DIR has outsourced scurities business system development and other IT business to ACE since December 2010, and the system skills of ACE staff have greately improved during this period. After about two years of preparation, these systems development skills now provide the core capacity for DAT, which will concentrate on supporting the construction of stock exchange and securities companies' systems. DIR is continuing to outsource development projects that contribute to futher enhancement of systems development skills. DAT plans to expand its business, providing wide-ranging IT support of services to Myanmar companies and to Japanese companies operating in Myanmar.
DAT is at an early stage in its development, but its skills and capabilities are growing strongly. It is expected to become a key provider of suppport for IT modernization in Myanmar.