Having been under UK rule in the 19th century and the first half of the 20th century, Myanmar has traditionally practised the same accounting and audit principles as the UK and India. While the accounting profession in Myanmar has a long history, its development has been impacted by many years of isolation. The country gained independence in...
Myanmar remains an attractive investment destination in South-east Asia largely due to its strategic location, favourable demographics and natural resources. The country has implemented significant reforms to foster foreign investment since 2011. For example, the Foreign Investment Law of 2012 was subsequently replaced by the Myanmar...
In recent decades the pharmaceutical market has expanded its geographical reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018...
Driven by increased public investment and a series of key reforms Myanmar’s education sector has undergone a significant transformation following the transition to democracy that began in 2011. The budget allocation for the sector has risen steadily to be nearly six times the amount it was in FY 2011/12, reaching MMK1.76trn ($1.15bn) in FY...
Health care expenditure has been rising in Myanmar, and the government is implementing three national health plans (NHPs) to lead the country towards the goal of universal health care (UHC) by 2030. Furthermore, private investment has become increasingly welcome and significant growth potential exists in the insurance market. Nonetheless, the...
In 2015 the government of Myanmar laid out the goal to provide universal health care (UHC) by 2030. The aim of UHC is to ensure that every citizen can access high-quality services without experiencing financial hardship. The World Health Organisation (WHO) uses three metrics to measure the success of UHC schemes: coverage of essential health...
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