The new administration of the National League for Democracy (NLD) has highlighted industrial development as a top priority, evidenced by the recent release of a long-term industrial strategy expected to boost the sector’s GDP contribution to nearly 40% over the next 13 years. Under the plan, new investment in key economic corridors will be...
Recording steady growth in recent years, Myanmar’s industrial and retail sectors have been buoyed by solid macroeconomic fundamentals, economic liberalisation and regulatory reforms encouraging investment and expansion. In industry, the new administration of the National League for Democracy (NLD) has set a bold industrialisation target, with...
In a effort to usher in a new wave of investment into natural resource development, the previous ruling party passed the 2015 Mining Law during the final stretch of U Thein Sein’s presidential term. The initial injection of foreign capital was stunted by a sluggish permit process and a glut in commodities, but reforms continue to improve the...
The newly installed government of the National League for Democracy (NLD) has put education at the heart of its reform agenda, recognising its potential for lifting the country out of poverty. More money is being channelled into the sector as officials seek to build a 21st century education system to help push Myanmar into the ranks of the...
The immense wealth that lies beneath Myanmar’s soil continues to entice prospectors from around the globe, and recent structural reforms are expected to bolster the sector and attract much needed capital. Until recently, Myanmar’s long history of civil instability and unfavourable production agreements had dissuaded investors from financing...
Myanmar’s timber industry has long lined the pockets of loggers, both legally and illegally. In recent times, however, deforestation has spun out of control, and the vast forests of the country’s landscape are gradually shrinking. According to the Ministry of Natural Resources and Environmental Conservation’s Forestry Department, 58% of the...
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