For the first time in 60 years, Myanmar has permitted private insurance companies to compete with the state monopoly, granting 12 licences in June 2013 to local companies as part of a wider set of reforms aimed at making the financial system more market-driven. But Myanma Insurance, the country’s insurance monopoly, will continue to remain the...
With an abundance of resources, especially coal, oil, natural gas, hydro and geothermal, solar is not an obvious choice for Myanmar. Solar power, however, is an excellent source of energy for the country and could help it meet some of its more pressing energy needs in the near and mid-term. Solar may also have a role to play in Myanmar’s long-...
Long a restricted area, Myanmar’s real estate sector is opening up to foreign investment. Two major legal changes – a new Foreign Investment Law adopted in late 2012, and a new Condominium Law expected to be adopted in early 2014 – are set to dramatically expand opportunities for foreigners to invest in Myanmar property. At the smaller end of...
Myanmar is well on its way to opening a local, modern Yangon Stock Exchange (YSE) by 2015 with the help of the Tokyo Stock Exchange and Daiwa Securities, Japan’s second-largest brokerage house. Demand from over 60 companies is high and investors are anxious to obtain liquid access to the market. Even so, many building blocks must be put in place...
Few issues stir as much interest in Myanmar as hydroelectric power. For some, the significant number of potential dam sites are untapped opportunities to bring the country into the developed world, while for others, hydropower projects challenge the preservation of traditional cultures, ecosystems and homelands.
In 2013 two new international telecoms players entered Myanmar, providing the modern and affordable services necessary to bring the country into the 21st century. Every other industry will feel the effect of added connectivity and telecoms penetration, opening a plethora of avenues for different products. However, Myanmar’s telecoms sector...
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