Myanmar’s recent democratic reforms have driven many countries to re-assess their stance on the Southeast Asian nation, and some have already fully reversed their position. The powers that helped close Myanmar’s doors to international cooperation are now the ones rushing to get in as they re-open. Where there were once strict sanctions, there...
The energy sector is the great, untapped potential on which much of Myanmar’s hopes are pinned. One of the world’s first oil producers, Myanmar is emerging in the 21st century as a key producer of natural gas. With the lifting of international sanctions and the resolution of a maritime border dispute with Bangladesh, the government has moved to...
The year 2014 marks a major milestone in Myanmar’s efforts to position itself internationally and amongst its regional peers, as the country assumes the rotating chair of ASEAN for the first time since it joined the regional economic club 17 years ago. Its chosen slogan, “Moving Forward in Unity to a Peaceful and Prosperous Community,”...
The real estate sector in Myanmar is riding high, and there is strong demand for quality space in Yangon in particular. With office rents in prime buildings rivalling those in Singapore and land prices also soaring, those with land are enjoying a windfall, while newcomers face a high cost of entry. Developers are focused on high-end projects in...
For the first time in 60 years, Myanmar has permitted private insurance companies to compete with the state monopoly, granting 12 licences in June 2013 to local companies as part of a wider set of reforms aimed at making the financial system more market-driven. But Myanma Insurance, the country’s insurance monopoly, will continue to remain the...
With an abundance of resources, especially coal, oil, natural gas, hydro and geothermal, solar is not an obvious choice for Myanmar. Solar power, however, is an excellent source of energy for the country and could help it meet some of its more pressing energy needs in the near and mid-term. Solar may also have a role to play in Myanmar’s long-...
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