With an abundance of resources, especially coal, oil, natural gas, hydro and geothermal, solar is not an obvious choice for Myanmar. Solar power, however, is an excellent source of energy for the country and could help it meet some of its more pressing energy needs in the near and mid-term. Solar may also have a role to play in Myanmar’s long-...
What were the most noticeable economic developments leading up to the country’s democracy?
Long a restricted area, Myanmar’s real estate sector is opening up to foreign investment. Two major legal changes – a new Foreign Investment Law adopted in late 2012, and a new Condominium Law expected to be adopted in early 2014 – are set to dramatically expand opportunities for foreigners to invest in Myanmar property. At the smaller end of...
To what extent can public-private partnerships (PPPs) help to improve the nation’s power capacity over the next few years?
When I took office as president, I sent a message to those governments who ruled by fear. I said in my inauguration address, “We will extend a hand if you are willing to unclench your fist.” And over the last year and a half, a dramatic transition has begun as a dictatorship of five decades has loosened its grip.
Myanmar is well on its way to opening a local, modern Yangon Stock Exchange (YSE) by 2015 with the help of the Tokyo Stock Exchange and Daiwa Securities, Japan’s second-largest brokerage house. Demand from over 60 companies is high and investors are anxious to obtain liquid access to the market. Even so, many building blocks must be put in place...
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