Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic...
Industry in Myanmar has benefitted from a period of strong economic growth, an increasingly welcoming environment for foreign investment and more open regulatory reforms. However, as Myanmar heads into an election year, it is hoped that the reform agenda does not stall as politics ramps up.
Garment manufacturing has been the driving force behind the development of Myanmar’s manufacturing sector. The Myanmar Garment Manufacturers Association (MGMA), the primary trade association supporting the industry, estimates the segment employs 450,000 workers, more than 90% of whom are women, across its 600 member factories. Garment exports...
With the adoption of well-structured and pertinent legislation, Myanmar’s mining sector is taking the necessary steps to encourage much-needed foreign investment. Following the passing of amended mining legislation in 2015 and the publication of new Mining Rules in February 2018, policymakers have strengthened the sector’s legal structure,...
Myanmar is well known for the untapped potential of its extensive mineral portfolio. Home to the world’s largest deposits of jade and some of the most sought-after rubies, it also has substantial deposits of lucrative metals as well as industrial minerals. Despite significant deposits, foreign investment across Myanmar’s mining sector has...
Myanmar’s manufacturing sector reached a turning point in 2018 as liberalisation, tax reforms, infrastructure improvements and the development of special economic zones (SEZs) helped turn the country from a low-cost regional production base to a rising manufacturing destination with capacity on the rise. The sector has an advantage due to the...
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