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Analysis

Room rates in Myanmar's hotel sector witness decline, stock of high-end hotels increase
OBG
plus

The year 2016 has proved to be a sobering one for Myanmar’s hotels, especially in Yangon, which is home to more than a third of the country’s hotels. A building boom triggered by the optimism surrounding the country’s democratisation and the relaxation of rules relating to foreign hotel investment is now beginning to be felt, and the sudden jump in supply, particularly at the higher…

Analysis

Simplified visa regulations to encourage visitors to Myanmar
OBG
plus

Under the military regime, even if a tourist decided to ignore the National League for Democracy’s call for a boycott and visit Myanmar, getting a visa required a number of trips to the nearest embassy and considerable patience. These days, it can all be done online in a matter of hours, as the country turns to technology to help reduce paperwork and increase efficiency. The e-visa initiative reflects…

Analysis

Training initiatives in Myanmar can tackle the tourism sector's human capital deficit
OBG
plus

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 makes it difficult for tourism-related businesses to find…

Analysis

New focus on TVET helps fill gaps in Myanmar's labour market
OBG
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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 global economy. Myanmar ranked 109th out of 130 countries…

Analysis

New Myanmar government plans to focus on democratic and market reforms
OBG
plus

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 administration’s…

Analysis

New law to reform Myanmar's investment framework
OBG
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In a move to further liberalise its business environment and improve investor certainty, the government of Myanmar recently promulgated the new Myanmar Investment Law (MIL), which was drafted by the country’s primary investment oversight entity, the Myanmar Investment Commission (MIC). Although regulations outlining the law’s provisions and implementation have not yet been released, the…

Analysis

Myanmar's banks invest in technology to modernise operations
OBG
plus

Not only are Myanmar institutions improving in safety, soundness and accountancy, they are also expanding their use of technology. Several banks are adopting the latest systems in an effort to become modern financial services companies, while more generally the country is developing its digital strategy to allow for channels that enhance the banking system. The hope is that the sector will…

Analysis

Renewables alone could power Myanmar
OBG
plus

Installed hydroelectric capacity in Myanmar is significant, with the country operating 26 plants, with the capacity to generate 3214 MW of power. Still, hydro-power is not considered a sole solution and questions are being raised about the use of water resources compared with other options. While the whole country could be powered by water alone, it is probable that hydropower will play a reduced,…

Analysis

Industrial expansion in Myanmar increases demand for water
OBG
plus

With an estimated 19,000 cu metres of water available per person per annum, Myanmar might be called a regional water superpower. Its capacity for water storage is nine times that available in China, five times that in Vietnam, and 16 times the amount in both Bangladesh and India. The total catchment area of its 10 main rivers covers some 737,800 sq km, with potential surfacewater resources…

Overview

Modernisation and peace-building continue in Myanmar
OBG
plus

With its first written records dating back to the 2nd century BC, and archaeological evidence stretching back to 11,000 BC, Myanmar has a long and distinguished history. Over the centuries, successive waves of people have moved across the mountains and plains that now constitute the country, with the Bamar, who became referred to as the Burmese, founding a powerful empire, centred on Bagan,…