Myanmar’s rapidly expanding retail and wholesale sectors have been opened up to overseas investors, with newly announced reforms allowing for 100% foreign ownership, though some restrictions remain in place.
Myanmar’s rapidly expanding retail and wholesale sectors have been opened up to overseas investors, with newly announced reforms allowing for 100% foreign ownership, though some restrictions remain in place.
Increased investment in import and distribution capacity should help Myanmar satisfy its growing appetite for liquefied petroleum gas (LPG), with the government looking to encourage usage of the fuel as part of plans to direct electricity towards industry.
Favourable weather conditions and improved yields have helped drive a return to growth in Myanmar’s agricultural sector, a trend likely to be supported by government efforts to embrace modern farming methods to ensure long-term sustainable development.
The rising disposable incomes of Myanmar’s rapidly growing middle class are changing the make-up of local retail, driving demand for aspirational goods and quality floor space.
Despite easing inflation, Myanmar is likely to maintain interest rates at the current level throughout much of 2018; however, the central bank has suggested other measures to ease lending constraints and stimulate the banking sector.
Hopes are high that a move in recent weeks to clarify regulations governing the sale and development of condominiums in Myanmar will boost demand for real estate in 2018.
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