Myanmar digital startup NEX has won second round funding of US$150,000 from Singapore’s Blibros Group, the privately-held investment arm of Sweden’s Böcker family. Yes, this is the family of Magnus Böcker, CEO of the Singapore Exchange and former CEO of Nasdaq OMX Nordic. NEX got its initial angel investment of $50,000 last year from Singapore investor Ned Phillips, formerly of E*Trade and Chi-East.
I met NEX’s founder and CEO, Ye Myat Min, who’s all of 23, a few months ago when I was in Yangon. NEX had 15 employees then; now there’s 20. The new investment will enable the company to build on Fyre, its Web-based software introduced in May that enables small businesses to quickly set up an online storefront. One of the first customers was TAC, the country’s first authorized re-seller of Apple products. ”Most small shops want an app, but they can’t afford to get their own. Instead, they can pay … MORE
The King in Exile: The Fall of the Royal Family of Burma by Sudah Shah (Harper Collins)
Reviewed by Susan Cunningham
Los Angeles Review of Books
MYANMAR’S LAST ROYAL FAMILY, summarily ousted by British colonizers more than 125 years ago, hasn’t been a sensitive subject since independence in 1948. But less than three years ago, The King in Exile by Sudha Shah might have run afoul of censors just for noting that Taw Phaya Galae, a grandson of the last Burmese royal couple and one of her sources, served a stint in prison after participating in the squelched 1988-1990 democracy movement.
It is one of many signs of change that an edition of Shah’s family biography, already available in English in Myanmar, will soon be published in Burmese.
The Final Four Burmese Princesses
For the past two years, Myanmar’s military government has assumed a gentler, less martial face as it bids to welcome tourists and Western investors. After nearly 20 years of house arrest, opposition leader Aung San Suu Kyi won a seat in Parliament in 2012 and ventured abroad to collect her 1991 Nobel Prize and other laurels. The strides the country has taken toward greater freedom of expression in the past two years have received less attention, but are also important. MORE