Asia Economy

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What barriers do new entrants in the financial services sector face in Myanmar? How important is the development of the sector in drawing in foreign direct investment?

Chapter | Trade & Investment from The Report: Myanmar 2015

Myanmar has seen an extraordinary surge in trade and investment in the few years since emerging from isolation. Out of the $9.5bn in FDI permissions granted from April 2012 to October 2014, $2.9bn went to projects in manufacturing; $2.2bn to those in real estate, hotels and tourism; and $2.5bn to transport and communications. Foreign investment in many sectors, however, still remains banned...

Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.

Investments in Sarawak's resource-based and service industries kept the Borneo island state ahead in 2014, with economic growth set to continue in 2015. However, new initiatives will be needed to diversify the economy and add more value across the oil and gas product chains.

A slowing of domestic and overseas demand, combined with uncertainty over Thailand’s political direction, cooled the economy in 2014, with most forecasts for this year indicating growth will remain subdued. 

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