Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
A decisive victory for the opposition in Myanmar’s general elections in late 2015 generated a fresh wave of investor optimism, raising hopes of increased economic stability in 2016 after a somewhat uncertain year.
The victory of pro-democracy opposition groups in Myanmar’s general election on November 8 is expected to bring renewed investor confidence, as the country continues to pursue an agenda of economic liberalisation.
Higher budget allocations for infrastructure and technology are set to create new opportunities for Myanmar’s private health care sector, including international health service providers and suppliers, as the country works to address gaps in staffing and facilities.
Rising incomes, an expanding economy and changing consumer patterns are attracting a growing number of international brands to Myanmar. By fuelling competition amongst existing players, their presence is expected to trigger an improvement in the range and quality of products and services on offer.
A planned expansion in Myanmar’s business capital, Yangon, will nearly double the city’s residential capacity, helping to support its property market.
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