Myanmar’s automotive sector is widely tipped for takeoff in the year ahead, with strong growth expected and a range of international giants recently making some of their first, concrete moves into the country.
Myanmar’s automotive sector is widely tipped for takeoff in the year ahead, with strong growth expected and a range of international giants recently making some of their first, concrete moves into the country.
Mining is expected to be a top driver of Myanmar’s economic development in the decades ahead thanks to the country’s unusually diverse and largely untapped geological resources. While the government has been reluctant to allow outsiders into the world’s richest jade and ruby mines, Myanmar appears poised to attract a flood of foreign investment into its underexplored...
Between the 1950s and 1960s, Myanmar was the largest rice exporter in the world. Today, it places behind world leaders Thailand and Vietnam. Even in rice production levels, fellow ASEAN nations such as Thailand, Vietnam, Indonesia and the Philippines are yielding more than Myanmar. However, the potential is high for the land- and water-rich Myanmar to become a major...
An estimated 45% of Myanmar’s GDP is provided by the country’s agricultural sector, which also employs about 70% of the domestic labour force. With Myanmar’s economy expected to grow 8.5% in 2014/15, according to the World Bank, the government hopes that reforms in the agriculture sector will contribute to higher incomes and job creation. However, despite various reforms...
Major demand for real estate is being driven by Myanmar’s significant economic growth, and market participants are looking forward to the arrival of new foreign investors. Thanks to the current government’s economic and political reforms since 2011, Myanmar is seeing broad growth in sectors such as oil and gas, telecommunications, manufacturing, construction and tourism...
Evidence of the construction boom in Myanmar is visible throughout the country and especially in Yangon. The old capital has been awakened and is on an express track to becoming a modern city, with the number of public works and concrete buildings rapidly rising in the last four years. This trend is set to continue, as the economy is on track to grow 7.8% in both FY 2014...
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