Valued at $480m in 2013 by the Ministry of Commerce, Myanmar’s pharmaceuticals industry offers drug makers a new opportunity, particularly over-the-counter manufacturers who stand to benefit from the country’s reopening. A dramatic increase in health expenditure coupled with rising per capita income is set to see the value of the industry grow to $945m in 2015, a nearly...
Thanks to the recent acceleration of investment in manufacturing and retail, alongside other industries, Myanmar has been making rapid progress in its effort to catch up with regional peers. While much ground remains to be covered, its achievements to date are remarkable, given its history and the challenges it faces in a highly competitive neighbourhood. Strong...
With double-digit growth widely predicted and indeed being realised by many new market entrants, Myanmar’s pharmaceuticals sector has been attracting a great deal of attention of late – particularly from companies able to offer low-cost products in this still largely lowincome market. At the same time, international companies are positioning themselves to take advantage...
Rising demand for qualified staff throughout Myanmar has accelerated vocational training initiatives, which have been undertaken by both government agencies and foreign institutions. Since the opening of the economy to the outside world, workers have noticed a dramatic expansion in job opportunities, but often lack the skill set required to fill postings. The arrival of...
As the country emerges from a protracted period of isolation from the global economic mainstream and with its economy experiencing strong growth, Myanmar’s retail sector looks set for major expansion in the years ahead. The arrival of modern retail formats and outlets, along with the shifting consumption patterns of a youthful and increasingly internationally oriented...
A new wave of mining exploration is getting under way in Myanmar, and it has been a long time coming. With a few exceptions, Myanmar has been generally cut off from developments in the international mining industry since the days of the British Empire.
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