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Analysis

New legislation in Myanmar's mining sector clears way for investment in natural resource development

Posted OBG AdminPosted in Uncategorized

In a effort to usher in a new wave of investment into natural resource development, the previous ruling party passed the 2015 Mining Law during the final stretch of U Thein Sein’s presidential term. The initial injection of foreign capital was stunted by a sluggish permit process and a glut in commodities, but reforms continue to improve the business climate. Recent Trends From a global perspective,…
Analysis

Increasing passenger numbers lead to Myanmar airport infrastructure upgrades

Posted OBG AdminPosted in Uncategorized

Buoyed by years of surging visitor arrivals, Myanmar’s aviation sector is set for robust long-term expansion, as the Department of Civil Aviation moves forward on a number of projects aimed at boosting capacity. Chief among these is the construction of two new terminals at the country’s primary aviation hub, Yangon International Airport (YIA), one of which came on-line in early 2016. The planned…
Analysis

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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

Posted OBG AdminPosted in Uncategorized

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,…