Overview

Myanmar bourse boosted by foreign ownership liberalisation and new listing incentives
OBG
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Myanmar’s capital market has developed steadily in recent years. The Yangon Stock Exchange (YSX) welcomed its first initial public offering (IPO) in January 2018, three years after its inception, amid renewed efforts to encourage a growing base of eligible companies to list. As is the case with many young exchanges, the YSX is small and illiquid. While its listed firms have maintained profitable…

Overview

Myanmar CEOs surveyed on investment sentiment
OBG
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Government efforts to open up the economy and stimulate private sector development appear to have made a good impression on the majority of executives who participated in the Business Barometer: Myanmar CEO Survey. Of the 100 respondents, 77% indicated that their firm intends to make a significant capital investment in 2019, while 64% have positive or very positive expectations of local business conditions.…

Overview

Medium-term prospects suggest globalisation is set to continue
OBG
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Decades of growth in trade and foreign investment have made economies around the world more interconnected and interdependent than ever before. The production of goods and, increasingly, the provision of services have become fractured across borders as corporations create and integrate into regional and global value chains. These trends have been reinforced by the steady liberalisation of international…

Overview

Foreign investor interest grows in Myanmar's newly opened economy
OBG
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Considered to be the last frontier market in Southeast Asia, Myanmar remains focused on creating the right set of conditions to attract and facilitate foreign investment to spur economic development. Following decades of military rule that maintained a socialist and centrally planned economic model, cutting off access to the world’s financial markets and main trading routes, the country’s ongoing…

Overview

Is Myanmar still an attractive investment destination?
OBG
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Despite fierce domestic and international headwinds that have threatened to blow the Myanmar economy off course, executives who participated in the Business Barometer: Myanmar CEO Survey remain broadly confident about the investment climate in South-east Asia’s last great frontier market. Of the 100 respondents, 77% indicate their firm intends to make a significant capital investment in 2019, while…

Overview

Myanmar policy reforms friendlier to foreign trade and investment
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Benefitting from a large population, an ideal geographic position and abundant natural resources, Myanmar’s trade and investment volumes hold enormous potential for future expansion, although the country is facing both domestic and external challenges. Foreign direct investment (FDI) inflows soared from 2011, when the country’s economic liberalisation and democratic transition began, although they…

Overview

Myanmar policy reform to improve electrification rate and stimulate upstream investment
OBG
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Home to one of the world’s oldest oil and gas industries, the energy sector has long been a key pillar of Myanmar’s economy. While the sector continues to play an essential role in economic output, its true potential has not yet been realised, partly due to a counterproductive fiscal regime and unfavourable market conditions. Despite a number of setbacks, successive governments have made…

Overview

Foreign investment in high-quality real estate set to rise in Myanmar
OBG
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After an initial property boom in the first few years after political and economic reforms began in 2011, Myanmar’s real estate sector has faced some challenges in more recent years. The country’s main real estate market, Yangon, experienced peak office rental prices as high as $110 per sq metre in 2013 and 2014, putting it on a par with cities such as New York. However, rental prices…

Overview

Investment incentives to boost growth in Myanmar construction and real estate
OBG
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Since the beginning of Myanmar’s economic and political reform in 2011, the construction industry has experienced mixed fortunes. Although the government has recognised the economic multiplier effects of infrastructure development, some large-scale projects have been held up by bureaucracy and investor scepticism. However, recent efforts suggest cause for optimism, including the large-scale…

Overview

Growth of incomes and Myanmar's young population drive demand for nonessential goods
OBG
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Myanmar’s retail segment has boomed in the years since the economy was liberalised, with foreign goods hitting the market and local sellers making their offer more sophisticated. Legacy retail conglomerates are investing in Western-style upgrades to supermarkets and malls, and foreign investors are entering into joint ventures to bring technical know-how. Foreign loans and investment in the…