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Analysis

Reforms to bus services to reduce congestion in Yangon
OBG
plus

Rapid urbanisation and robust economic growth have had a notable impact on urban mobility in Yangon. Traffic congestion is rising to become an increasingly pressing concern for businesses and commuters, especial as the city’s population is set to grow from 7.4m in 2017 to more than 10m people by 2030. The government is currently undertaking reforms to streamline and consolidate its massive public…

Analysis

Alliances with neighbouring markets to benefit Myanmar's tourism industry
OBG
plus

With the ultimate goal to increase tourism across Southeast Asia, Myanmar is exploring the “two countries, one destination” concept, which seeks to cross-promote tourism with both Cambodia and Thailand. Officials in Myanmar would like to emulate Thailand’s success in attracting foreign tourists – some 32m in 2016 – while Thailand’s operators recognise that Myanmar’s unspoilt landscape…

Analysis

Myanmar witnesses rising domestic tourism and increased desire for foreign travel
OBG
plus

After Myanmar began the transition to democracy, international tourism was not the only segment that thrived. Following decades of restrictions on domestic movement, local people are now largely free to explore the country. This has allowed domestic tourists to travel to previously closed regions to visit family and to make pilgrimages to holy sites, such as pagodas and monasteries that used…

Overview

Helpful tips for first-time travellers to Myanmar
OBG
plus

Etiquette In a formal setting “U” should be used in front of a name when addressing a man and “Daw” when addressing a woman, roughly translating to Mr and Lady. It is common practice to remove your footwear before entering someone’s workplace or home, but not always required. Removing shoes before entering a pagoda or temple is a must. A handshake is usually the first introduction in a business…

Overview

Myanmar seeks reunification after decades of unrest
OBG
plus

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

Growing economy following higher foreign investment and improved public spending in Myanmar
OBG
plus

Occupying a strategic position at the crossroads of India, China and Thailand, and now in its seventh year of sweeping economic liberalisation and political transition, Myanmar remains one of the fastest-growing economies in South-east Asia. Although recent GDP growth has moderated from the double-digit highs of the early 2000s, it has remained above 5% for more than 25 years, supported by robust natural…

Overview

Raft of investment to unlock trade and economic potential in Myanmar
OBG
plus

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 investment outlook, including ambiguous legislation…

Overview

Business Barometer: Myanmar CEO Survey
OBG
plus

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 in ASEAN. The keys to success lie in the creation of…

Overview

Myanmar government implements reforms to increase financial inclusion
OBG
plus

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 since Myanmar embarked on the path of liberalisation and…

Overview

Network expansion improves telecoms and IT services, and attracts investment in Myanmar
OBG
plus

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 of dollars in investment, fostering the emergence of…