The second-most-populous country in South-east Asia, and the 24th biggest in the world, Myanmar has a total of 135 different officially recognised ethnic groups. Approximately 70% of the population lives in rural areas, and urbanisation is increasing at a rate of around 2.9% per year. The chairing of the ASEAN summit in 2014 is a testament to how far “the Golden Land” has come in a relatively...
Myanmar
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Chapter | Country Profile from The Report: Myanmar 2015
Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
Having learned the lessons of the 1997-98 financial crisis, Asia has since enjoyed a period of steady growth driven by consumption, investment and exports. The traditional model of low-cost manufacturing and exports to advanced markets has gradually been replaced with a more consumer-oriented and value-added approach.
The “Golden Land”, officially known as the Republic of the Union of Myanmar and formerly as Burma, has undergone dramatic reforms in recent years under the administration of President U Thein Sein. The rapid transition from a military junta to an open economy has surprised the global community and will see Myanmar assume the ASEAN chair for the first time in 2014.
This section contains hotel listings for business and leisure travellers, useful numbers for embassies and other important contacts, and facts for first-time visitors to Myanmar. It also contains a feature introducing readers to the country’s pristine getaways and more information on what the “Golden Land” has to offer travellers.
Chapter | Legal Framework from The Report: Myanmar 2014
This chapter contains an overview of Myanmar’s legal framework, with a focus on the rules governing foreign investment, new legislation, special economic zones, and the combination of colonial, traditional, and modern laws. It also contains a viewpoint with OBG’s legal partner, Cheah Swee Gim, Director, Kelvin Chia Yangon.