How has the retail sector adjusted to recent political and economic changes?
Myanmar Industry
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Interviews & Viewpoints | OBG talks to Daw Win Win Tint, Managing Director, City Mart Holdings from The Report: Myanmar 2014
Myanmar is seeking to build upon the growing and steady contribution of industry to GDP. This figure rose from 12% to 15.3% between 1970 and 1995 even as international sanctions affected the garment industry, with clothing exports falling by 60% and a loss of 80,000 jobs. However, with reform has come optimism of a turnaround in the making. As of 2012 the country had around 200 garment factories...
The presence of rubies, jade and other precious gems has been noted for centuries by locals, early Western explorers and colonial powers. Myanmar has an abundance of gold, silver, platinum, tin, tungsten, zinc, copper and gemstones. Yet very little of this has been exploited. One challenge to exploration and production is information. Only about half of the country has been mapped, pre-...
The government of Myanmar has taken steps to encourage the development of a manufacturing base, including the establishment of industrial zones (IZs) and, more recently, special economic zones (SEZs). Advantages such as an inexpensive labour force and proximity to major markets like India and China have international firms jostling for more information about the implementation of the zones.
The mining sector is one of Myanmar’s biggest earners, and the government is keen to entice more foreign investors to support its development. Reforms to the 1994 mining law should help ease restrictions on ownership, which will benefit international and domestic firms alike. However, a number of proposed changes to the law, as well as highly publicised protests at local mines, may lessen the sector’s appeal to some investors.
Economic update | Myanmar: Economic zone eyed
5 Feb 2013
Asian countries are spearheading a wave of mounting international investor interest in Myanmar’s long-underdeveloped manufacturing industry, as global players move to tap the potential of the region’s rising economic star.