TAG: Asia
Malaysia’s push into high-tech and value-added industries under the 11MP plan is bearing fruit in sectors such as manufacturing and aerospace as it works to foster a new culture of innovation, train local human resources and raise productivity.
Reforms implemented since 2011 have ushered in a period of strong economic growth for Myanmar, with several sectors seeing expansion.
In recent years trade and investment in Myanmar have soared, buoyed by ongoing efforts to liberalise the economy and a successful political transition in November 2015 that saw the country’s first civilian-led government elected to power in modern history. Political reforms have brought significant economic benefits and with a host of domestic reforms, sustained growth is expected. While the country still faces challenges, including a transport infrastructure deficit and a lack of reliable electricity supply, it is seen as a destination of opportunity, and international investment is expected to remain strong in the coming years.