Myanmar’s macroeconomic performance improved in 2018 as recovery in the agriculture sector, rising oil and gas prices, and substantial growth in several manufacturing segments helped the country regain positive momentum. Efforts to encourage private sector activity and liberalise the economy have been extensively detailed in a new long-term economic development agenda, and recent legislative...
Asia Economy
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Chapter | Country Profile from The Report: Myanmar 2019
Considered to be the last frontier market in South-east Asia, Myanmar remains focused on creating the required conditions to attract and facilitate foreign investment, in turn spurring economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial markets and main trading routes, Myanmar’s...
Although Myanmar has been faced with internal conflict, a new long-term economic agenda, alongside rising oil and gas prices and considerable growth in some manufacturing segments, are set to encourage increased foreign direct investment inflows into the country.
A 7.5-magnitude earthquake and its subsequent impact on the mining and energy sectors led to a difficult year for Papua New Guinea in 2018; however, new investments from foreign players should reap dividends moving forward.
Economic update | Sri Lanka: Year in Review 2018
22 Jan 2019
Political tensions in the latter part of 2018 slowed the momentum of Sri Lanka’s economy, weakening gains made earlier in the year. Nevertheless, political stabilisation and advances in the export and tourism sectors are expected to drive robust growth over the coming year.
What more can APEC do to promote the development of micro-, small and medium-sized enterprises (MSMEs) in the region?