Economy

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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,”...

A nation of over 60m people bordering five countries, Myanmar today is a place of crucial transitions. It is also a place with a long history, inhabited by a wide variety of ethnic and religious communities, many of which are currently facing major challenges, as the country goes through the process of shaping a new political and economic...

Since the opening of the economy to the outside world in 2011, President U Thein Sein’s government has implemented various policies in an attempt to raise standards of education. In order to boost the country’s socioeconomic development and better prepare students for the growing economy, the government increased the education budget from $340m...

Myanmar was the economic frontier highlight of 2013, and has swept the international press with its bold reformation goals and political transformation. However, given that there are few historical examples of foreign firms operating in the country, international investors are still wary of making large commitments.

With Myanmar taking its place as chair of ASEAN in 2014, a remarkable period of progress in the country’s foreign relations is being acknowledged – both by Myanmar’s neighbours and by the wider world. Now, the country’s diplomats will have to help steer the 10-nation group through some challenging times in the run up to the establishment of the...

In March 2011, President U Thein Sein shocked the world in his inaugural speech by taking a new tack for Myanmar’s development, speaking of the need to “open doors, make reforms and invite investments as necessary for development of the nation and the people”. He stated clearly that Myanmar aims to “attract foreign investments” as part of a...

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