Despite years of isolation and despite being a relatively poor country, Myanmar has a surprisingly developed transportation network. It has 66 airports, eight airlines, more than 5500 km of rail and about 150,000 km of roads. Some of it is no doubt historic. The first railway line was installed in 1877 by the British and by the Japanese invasion...
Judging by the size of its mineral deposits, you would expect a bonanza: Myanmar has an abundance of gold, silver, platinum, tin, tungsten, zinc, copper and gemstones. Yet very little of this has been exploited. Insurgent activity and poor transport have made the more ore-rich areas of the country hard to reach, while a host of foreign sanctions...
Considered by many as the last economic frontier, Myanmar has been the object of much investor interest, especially following further liberalisation of its foreign investment regime through the passage of the Foreign Investment Law in 2012. At a time when other more developed South-east Asian economies have generally seen a net outflow of foreign direct investment, Myanmar...
Whilst investment has increased immensely since the easing of sanctions, the mineral-rich soil of Myanmar’s landscape remains significantly underexplored. Red tape, incomplete surveys, inconsistent record keeping and intermittent ethnic conflicts have restricted the growth of the sector. However, potential remains high in the eyes of most...
When it was announced in August 2013 that a South Korean consortium had won the tender to build the new Hanthawaddy International Airport, Myanmar’s opening to the world gained critical momentum. The airport, which is scheduled to open in 2018, is a badly needed hunk of infrastructure. To sustain the country’s current pace of progress in...
Myanmar may find that the first steps toward general nationwide economic reform will begin within industrial estates. These zones can create forms of ownership not possible under the law of the land, and can be paired with special incentives and offer better infrastructure than is available elsewhere. The strategy has worked well in Thailand,...
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