Recent attempts by the Central Bank of Myanmar (CBM) to reduce the use of dollars triggered an unexpected backlash in the form of dollar hoarding and black market trading, providing a timely reminder that managing the currency demands of a newly-opened economy is something of a learning curve.
The mining industry in Myanmar could see a rise in investment from 2016 if the government can overcome roadblocks to pass new legislation, delays to which have slowed the pace of development in the sector.
Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy.
A new budget signalled major funding boosts in Myanmar for the power and education sectors, both of which have been identified as structural weaknesses in the economy.
Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals.
Higher levels of investment and access to credit are essential for the development of Myanmar’s agriculture sector to reach its full potential, according to experts.
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