TAG: Asia
With a young and burgeoning population, Myanmar has made notable progress and has substantial economic potential. However, a number of challenges persist, according to the 100 C-level executives who participated in the third and latest Business Barometer: Myanmar CEO Survey. Although Myanmar’s first credit bureau is preparing to begin operations, 83% of respondents say that access to credit remains difficult or very difficult. Furthermore, infrastructure gaps and the bureaucratic capacity of the public sector are seen as the factors most likely to weigh on economic development.
Despite fierce domestic and international headwinds that have threatened to blow Myanmar’s fast-growing economy off course, executives who participated in Oxford Business Group’s latest Business Barometer: Myanmar CEO Survey remain broadly confident about the investment climate in Southeast Asia’s last great frontier market.
Strolling through Bonifacio Global City on a sunny Saturday, it is easy to spot the groups of smiley teenagers self-learning slick K-Pop dance moves in the shadows of gilded skyscrapers and leafy parks.