Currency depreciation continues to challenge macroeconomic growth in Myanmar, with the kyat losing more than 65% of its value against the US dollar between 2014 and 2018, straining import-dependent manufacturers and causing inflation to spike. More recently, the kyat lost 18% of its value against the US dollar between April and August 2018....
Government efforts to open up the economy and stimulate private sector development appear to have made a good impression on the majority of executives who participated in the Business Barometer: Myanmar CEO Survey. Of the 100 respondents, 77% indicated that their firm intends to make a significant capital investment in 2019, while 64% have...
After several years of rapid expansion and double-digit credit growth, Myanmar’s banking sector underwent several necessary reforms in 2017 and 2018, as the Central Bank of Myanmar (CBM) moved to introduce new prudential regulations and reduce overdraft lending. Although foreign banks remain prohibited from participating in retail activities,...
After decades of slow liberalisation, Myanmar’s insurance sector is on the cusp of a significant transformation. Several recent policy announcements indicate foreign companies will soon be permitted to conduct business in the country, more than 50 years after the sector was first nationalised. Myanmar’s 54m-strong population is almost...
Myanmar’s macroeconomic performance improved in 2018 as recovery in the agriculture sector, rising oil and gas prices, and substantial growth in several manufacturing segments helped the country regain positive momentum. Efforts to encourage private sector activity and liberalise the economy have been extensively detailed in a new long-term...
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...
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