As South-east Asia’s largest country and one of its richest in terms of natural resources, Myanmar’s largely unbanked population of over 53m presents vast growth opportunities. Already, rising demand for the newly emerging financial sector has led to a sizeable expansion of services and investments. In the few short years that have passed...
Although they comprise 98% of businesses in Myanmar, small and medium-sized enterprises (SMEs) are facing a host of growth impediments as the process of economic liberalisation accelerates, including low levels of legal and financial inclusion, infrastructure deficits preventing businesses from fully capitalising on growth in domestic and...
Two years after State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, executives surveyed by Oxford Business Group remain broadly positive about the country’s outlook in spite of challenges and risks. Myanmar continues to enjoy inherent advantages that should allow it to remain the fastest-growing economy...
Myanmar continues to rank low on the World Bank’s annual “Doing Business” report, which measures the investment attractiveness of countries across 10 indicators. However, recent legislation, including the 2017 Investment Law, 2016 Arbitration Law and new anti-corruption measures, have paved the way for a sharp improvement, with the government...
The expansion of Myanmar’s telecoms market continues to live up to its early promise, with industry reform viewed as the most significant economic success since the military ceded power in 2011. In the relatively short period of time following this, the sector has become an important enabler of socio-economic development by attracting billions...
Trade and investment has expanded rapidly in Myanmar since 2011, bolstered by economic liberalisation, legal reforms, a large untapped domestic market and a favourable geographic position bordering Bangladesh, China, India, Laos and Thailand, which together comprise 40% of the world’s population. However, several factors are weighing on 2018’s...
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