While many sectors of Myanmar’s economy have great potential, the tourism sector is already highly profitable and growing rapidly. Flights into Myanmar have dramatically increased in number since 2010 as business visitors and leisure travellers flock to the frontier that until recently was isolated by international sanctions. Given the dearth in...
Gems are, as ever, a boon to the Myanma economy. The sector employs thousands and raises millions, for the state as well as for insurgent groups. Sanctions and civil war – let alone nationalisation, military control and international campaigns – have greatly affected the sale of precious stones. Jade, rubies and sapphires have nonetheless...
Soon Myanmar will have a dozen airlines. That is quite a few operators for a country with 1.6m passengers a year, the same number of passengers as Macao, Azerbaijan and Malta. Indeed, Thailand, a country that serves 35m passengers annually, has fewer airlines than Myanmar. To be sure, most of the Myanmar carriers have just a few small planes....
Garment manufacturing is likely to be a key driver of Myanmar’s economic growth going forward. Not only was it a major part of the economy before sanctions were enacted, but it has also been one of the fastest to recover. The garment business is set to expand considerably in the near to mid term as foreign investment pours in and pre-sanction...
New projects are welcome given the country’s weak domestic grid and isolation from regional power supplies. With the exception of electricity being sold across the border to China, Myanmar is largely cut-off from its neighbours. While its main grid may lack connections to others, the country is in a very good position to begin linking up with...
After years of underinvestment in transportation infrastructure, due to embargoes, insurgencies, regional autonomy and mixed relations with neighbours, Myanmar is an exceedingly hard place to reach overland, much less transit. The country has essentially been cut off from the world, with small isolated border gates as its only surface...
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