Undergoing profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after investment destinations. Its opening to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics by the army. This retreat took a decisive step forward in November 2015, when…
In a year marked by a return to full civilian rule, Myanmar’s economy continued to expand strongly, though some sectors saw slower growth as reduced foreign investment and a weaker currency eroded some gains. Transition of power Having won an absolute majority in the November 2015 general election, the National League of Democracy (NLD) installed U Htin Kyaw as its candidate for presidency following…
The event will feature the following: 150 delegates; High-level line-up of speakers (Ministry of Electricity and Energy, MOGE, Total E&P Myanmar, SHELL, etc.); Industry panel & presentations (downstream, Myanmar's success and future developments and other topics); Vast networking and branding opportunities with the right people (general managers, managing directors, heads and more); Quality…
The removal of US financial and trade sanctions on Myanmarcould give the country’s mining industry a boost, with American buyers expected to return to the precious stones market following a period of sluggish trading. In an executive order signed in early October, US President Barack Obama authorised the lifting of an embargo blocking imports of jade, rubies and jewellery from Myanmar. This…
The show will take place December 6-8 at Novotel Yangon Max in Yangon. CommuniCast Myanmar 2016 is the third edition of the annual communications technology, enterprise and convergence solutions show. Joining forces with the Myanmar Computer Federation’s international ICT Exhibition and the Myanmar Satellite Forum, the event covers the full spectrum of the ICT industry, from satellite and…
Reforms implemented since 2011 have ushered in a period of strong economic growth for Myanmar, with several sectors seeing expansion. Financial Services: Lending On The Rise - Lending to the private sector has accelerated rapidly since 2011/12, with this trend expected to continue. Energy: Coming On-line - New projects are set to substantially increase Myanmar’s hydrocarbons output, with international…
Infographic:What Steps Are Business Leaders in Myanmar Taking to Prepare for Future Growth? Access to financing and the availability of human resources are key determinants of the long-term development path of newly emerging economies, and Myanmar is indeed facing formidable challenges in both of these areas. The Land of Golden Pagodas, as it is popularly known, is firmly established…
Read also: The Top-two Growth Obstacles for Myanmar Businesses OBG Business Barometer: Myanmar CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives of equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer: Myanmar CEO Survey is conducted by OBG staff…
It is estimated that over 300 participants from more than 30 countries will join the industrial festival. The sectors covered by this event include authorities, utilities and IPPs, manufacturers and technologies providers, multinational financing organisations and commercial banks, consultants and lawyers. Feature: The exclusive session named ‘Project Round Table’ differentiates…
Already expanding rapidly on the back of strong economic growth and rising disposable incomes, Myanmar’s retail industry should receive a boost as the lifting of remaining US sanctions clears the way for greater foreign direct investment. The official end of the decades-long restrictions by the US was formalised on October 7 by presidential executive order and confirmed by the US Department of the…
