Wide-ranging reforms, backed up by planned legislative changes and a drive to improve practices, look set to steer Myanmar’s mining sector into the 21st century.
Myanmar
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Economic update | Myanmar Year in Review 2013
6 Jan 2014
From the announcement of an inaugural international telecoms tender to the awarding of lucrative oil blocks, as well as the ongoing challenge for peace in the Kachin and Rakhine states, 2013 was not short of headlines for this once isolated nation.
With wide-ranging reforms set to improve the transparency of Myanmar’s public finances, the government is expected to launch a drive aimed at bringing businesses into the mainstream economy.
The government in Myanmar is ratcheting up its efforts to ready the country for a major influx of investors, as it continues making the transition to democracy.
Economic update | Myanmar’s shortage of ICT workers
10 Sep 2013
In September the Myanmar ICT sector will welcome two new foreign telecoms companies vying for their slice of consumers. The move is expected to create demand for a number of ICT services companies, drawing upon the efforts of web designers, network professionals and programmers. However, as with all sectors in Myanmar, education and human resources are a major bottleneck and local talent is hard to find.
Fresh legislation has paved the way for a major shift in Myanmar’s financial sector, spearheaded by the separation of the central bank from the Ministry of Finance and Revenue.