With the historic general election in November 2015 followed by the new government’s official takeover in March 2016, Myanmar turned a key corner in its modern history. Unsurprisingly, this event also brought with it a wave of expectations for major and rapid change, with government ministries also outlining a series of 100-day plans, which gave an insight into many of the new...
REGIME CHANGE PROGRESSING: Changes in Myanmar’s tax regime continued to make progress in FY 2015/16 and 2016/17. Of all these changes, the new Special Goods Tax Law (SGTL), which was promulgated on January 18, 2016, is the most remarkable. Now the SGTL will regulate taxation on 16 items termed “...
While tourism has been identified as a crucial component of Myanmar’s future economic development, the government faces an enormous challenge in realising its ambitions. Not only must it modernise its creaky infrastructure and develop tourism products to attract and encourage travellers to return, it must also address a talent shortage that...
While at an early stage, development of technical and vocational education and training (TVET) is a key part of Myanmar’s education reforms. In a country where 59% of 25-year-olds have not completed middle school, the TVET segment is crucial in ensuring more citizens have the skills and competencies needed to work in the rapidly changing...
When Myanmar recently began opening its doors to the outside world, tourists rushed at the chance to see a country that had not only been closed to them for decades, but that also boasted a rich culture and heritage. The country continues to attract a steady stream of overseas visitors to established sites from Yangon to Bagan and Inle Lake,...
Spanning a vital geographic area and sharing borders with India, China, Thailand, Bangladesh and Laos, Myanmar is poised to see its transport sector post double-digit growth in the coming years. The transport and logistics sector is bolstered by the country’s 54m-strong population, surging air passenger and trade volumes, and rising...
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