Myanmar’s electrification rate is among the lowest in South-east Asia, despite the country holding abundant hydropower resources that should easily enable it to reach energy self-sufficiency. With electricity consumption rising sharply in recent years, and forecast to triple by 2030, the government of Myanmar is moving to deploy dozens of new...
Myanmar’s downstream oil and gas sector is slated for expansion in the coming years, as declining production at its big four offshore gas fields, limited domestic refining capacity, and rising fuel imports and electricity consumption create new investment opportunities for the private sector. One of the largest recent downstream developments...
In an effort to further strengthen a formidable telecoms sector, the Posts and Telecommunications Department – under the Ministry of Transportation and Communication – granted a fourth mobile operator licence to Myanmar National Tele & Communications in January 2017 following a period of negotiations. With an initial investment of $2bn,...
Approved foreign investment in Myanmar has dropped off since the early years of economic liberalisation. The government now seeks to attract new inflows in an effort to boost exports and employment, reduce the trade deficit and diversify the production base.
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Two years after State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, executives surveyed by Oxford Business Group remain broadly positive about the country’s outlook in spite of challenges and risks. Myanmar continues to enjoy inherent advantages that should allow it to remain the fastest-growing economy...
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