TAG: Asia
More than one year since State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, C-suite executives surveyed by OBG remain broadly positive about the outlook for the country despite significant challenges and risks.
More than a year since State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, executives surveyed by Oxford Business Group remain broadly positive about the country’s outlook in spite of challenges and risks. Myanmar continues to enjoy inherent advantages that should allow it to remain the fastest-growing economy in ASEAN. The keys to success lie in the creation of a clear and transparent regulatory environment for attracting investment and financing the real economy, while also ensuring it capitalises on its position between China and India without becoming beholden to either.
Although almost two-thirds of the C-level executives polled in the second OBG Business Barometer: Indonesia CEO Survey describe the ease of doing business as better than it was two years ago, business leaders remain wary of external risk factors, most notably a change in demand from China and trade protectionism. Following on from our May 2017 survey’s revelation that 43% of CEOs viewed a lack of skilled human resources as their top concern, our latest findings specify that respondents believe the local labour market is most in need of leadership skills, engineering, computer technology, and research and development.