Among the most important economic developments in Myanmar since political reforms began in 2010 is the new administration’s effort to accelerate oil and gas exploration. Almost the entire offshore shelf that is not already under contract is being offered by the government, setting aside only the Mergui Archipelago region, a natural preserve and...
A nation of over 60m people bordering five countries, Myanmar today is a place of crucial transitions. It is also a place with a long history, inhabited by a wide variety of ethnic and religious communities, many of which are currently facing major challenges, as the country goes through the process of shaping a new political and economic...
The construction sector is booming as Myanmar’s opening to the world has brought in foreign investment and sparked an economic renaissance. With the country’s limited domestic capacity and wide range of construction needs, there are plentiful opportunities for foreign investors, international construction firms, and sellers of construction...
Agriculture dominates the economy of Myanmar. While estimates vary, the sector contributes 43% to GDP and employs 70% of the working population, according to the World Bank. With rich soil and a diverse climate, the country has suitable agricultural conditions, with fertile lowlands in the Irrawaddy basin, rainforests, the so-called “Dry Zone”,...
Since the opening of the economy to the outside world in 2011, President U Thein Sein’s government has implemented various policies in an attempt to raise standards of education. In order to boost the country’s socioeconomic development and better prepare students for the growing economy, the government increased the education budget from $340m...
In 2014 Myanmar’s IT industry will see an explosion of activity that promises to transform almost every other sector of the economy over the coming years. Yet experience and training are severely lacking at present, and education will need to catch up quickly with the rush of technology if the country is to take full advantage of the trend.
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