With a newly elected government in power and nearly five years of growth in foreign trade and inward investment under its belt, Myanmar is widely expected to become increasingly integrated into the regional and global economy in the coming years. In the fiscal year (FY) through to April 2015, the nation reported total foreign trade receipts of $29.16bn, up from $18.17bn in the same period in...
Asia Economy
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Chapter | Trade & Investment from The Report: Myanmar 2016
Chapter | Country Profile from The Report: Myanmar 2016
Myanmar is currently passing through a crucial period of political reform, against the background of rapid economic growth and international openness. The successful November 2015 parliamentary elections capped a landmark year for the country. Myanmar has undergone changes that only a few years ago might have seemed unlikely, if not impossible. These events took place just over a decade since...
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.
Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
This chapter offers useful facts for visitors, including information about local customs and etiquette, access to health care, visas and local languages. Readers can also find a hotel listing and contact information for foreign missions, legal services, banks, airlines and other institutions. This section also contains a viewpoint from Brian Kelly, CEO, Black Swan International.
Due to several factors, Papua New Guinea is one of the least insured countries in the world. However, the low take-up of insurance is not, in this case, the result of a lack of experience. PNG has had an insurance sector for more than a century and it was once administered by Australia, an historically insurance-conscious society. The problem is more the result of geography, topography and...