Myanmar’s start-up ecosystem is coming into its own amid the development of several clusters in Yangon and an easing of business conditions in the country as a whole. Myanmar rose by six places in the World Bank’s “Doing Business 2020” report to 165th out of 190 economies after introducing a mandatory online platform for company registration...
More and more commercial transactions are moving online and the so-called digital economy continues to expand its reach into every facet of the traditional analogue economy. For businesses this means they have access to new channels to reach existing clients as well as new opportunities to expand market share with a competitive digital...
The ICT sector is perhaps Myanmar’s most advanced area of the steadily growing economy. Nevertheless, the era of easy growth and customer acquisition for telecommunications players has come to an end, and a new phase of intense competition has ensued. As the ICT sector matures, there is room for companies to grab market share in the country’s...
Myanmar has enjoyed one of the most rapid and successful deployments of telecommunications infrastructure around the world, in part due to a regulatory framework that allows multiple operators to share the use of cell towers. This has ensured building and maintaining infrastructure is cost effective for the companies involved, as they can on-...
Recent years have seen Myanmar’s insurance sector take significant steps forwards, with liberalisation giving rise to a number of foreign insurance companies entering the market. At the same time, the country’s financial sector governance has been strengthened, while the economy has continued to grow. These developments bode well for the...
November 2019 saw five foreign life insurance companies gain licences to operate fully owned subsidiaries in Myanmar, heralding the start of a new chapter in the industry’s history. At the same time six joint ventures between foreign and local insurers were also licensed, with this, too, set to have a strong impact on the dynamism of the...
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