The traditionally small banking sector is undergoing an extraordinary burst of growth as economic reforms and the lifting of sanctions are leading households and businesses to modernise their financial practices. Bank deposits and credit have been growing at more than 30% a year, even after adjusting for inflation. And in a breakthrough reform in October 2014, the...
Myanmar
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Articles & Analysis | Economic reforms have cleared the path for modern financial practices from The Report: Myanmar 2015
Interviews & Viewpoints | Lim Cheng Teck, CEO for ASEAN, Standard Chartered: Interview from The Report: Myanmar 2015
In the lead up to the ASEAN Economic Community (AEC), how can access to finance for small and medium-sized enterprises (SMEs) be improved?
Building a modern transport network will be necessary if the government is to accomplish its ambitious development plans, with a host of air, rail and shipping upgrades planned for the coming years. Major projects include the proposed $1.1bn Hanthawaddy International Airport project, which will be able to accommodate 12m passengers with a plan to increase numbers to 30m per year, over 10 times...
Chapter | Health & Education from The Report: Myanmar 2015
Following years of poor governance, limited resources and international sanctions, much work needs to be done in order to bridge the gap between Myanmar’s ill-equipped public health system and internationally recognised norms. The government and foreign donors are ramping up efforts in the fight against HIV, malaria, tuberculosis (TB) and maternal and child mortality as well as the increasing...
Chapter | Industry & Retail from The Report: Myanmar 2015
While much ground remains to be covered in Myanmar’s industry and retail sectors, its progress to date is remarkable, given the country’s history and the challenges it faces in a highly competitive neighbourhood. Figures from the end of November 2014 show manufacturing coming in third, behind the oil and gas and power sectors, in terms of total investments received. Strong international...
Articles & Analysis | Fiscal policy changes include increasing public spending and boosting tax collection from The Report: Myanmar 2015
Myanmar is in the midst of a historic transformation of both its public sector and fiscal policy towards international norms. The country traditionally had a very small civilian government and many large state enterprises, all overseen by a politically and commercially powerful military. State enterprises have traditionally accounted for most public revenues, while...