Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. A focus on following international best business practices and reducing the informal economy, paired with an annual GDP growth forecast at around 6% in the coming years, is setting Myanmar on a path to catch up with some regional peers.
Environmental, social and governance (ESG) criteria are increasingly shaping the global corporate agenda.
After a year of external expansion and internal reorganisation due to Covid-19, South-east Asia’s super apps appear to be looking towards mergers and public listings as a strategy for future development.
What impact did Covid-19 have on Myanmar’s efforts to expand ICT access to a greater proportion of the population?
– Thailand and Malaysia led the region in terms of government stimulus
– Key digital solutions were developed in food delivery, education, health care and finance
– Despite falling globally, M&A increased in Asia throughout the year
– Emerging markets in ASEAN stand to benefit from the supply chain shift away from China
The Regional Comprehensive Economic Partnership (RCEP) was finally signed on Sunday November 15, on the sidelines of the annual summit of the Association of South-East Asian Nations (ASEAN). As well as marking a significant regional milestone, it is hoped that this deal will help its 15 signatories recover from the economic fallout of the coronavirus pandemic.
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