While numerous education policies have been set in motion by Myanmar’s outgoing regime, the degree of implementation has varied considerably. As negotiations between lawmakers and education reformists continues to delay legislative change, the decentralisation of the Ministry of Education (MoE) is a key topic of discussion. Review By most accounts, steady progress has been made since the decision…
Despite top-down economic and political shifts in recent years, Myanmar’s health sector still has significant ground to cover, particularly in rural communities that lack access to basic services. The government has pledged to ramp up efforts by dramatically increasing health expenditures, building new facilities and strengthening the talent pool. As a result of political strife in certain geographically…
Aside from a few major investments, the Myanmar mining sector has lain largely dormant for decades, due to a combination of economic and political factors. To revive interest in the sector, the Ministry of Mines (MoM) has long been pressed by local mining companies and international prospectors to amend outdated mining laws which, in light of increasing global competition, have deterred many would-be…
Often described as wedged between India and China to illustrate its growth potential, Myanmar’s proximity to the two resource-hungry giants has not always been a blessing. For a long time, the state has fostered the interests of smugglers of various resources, creating a black market that grew to some $100bn between 1960 and 2013, according to the US-based research and advocacy group Global Financial…
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Myanmar is currently passing through a crucial period of political debate, against the background of an era marked by rapid economic growth and international openness. The successful November 2015 parliamentary elections capped a landmark year for the country. Myanmar has undergone changes that only a few years ago might have seemed unlikely, if not impossible. These events come just after a decade…
Formerly known as Burma, many have hailed the Republic of the Union of Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period, it has gone from an isolated economy to an investment focal point. Over the last few years the nation has seen the military junta relinquish power, greater freedom of the press, the advancement…
With a newly elected government in power and with nearly five years of growth in foreign trade and inward investment under its belt, Myanmar is widely expected to become increasingly integrated into the regional and global economy in the coming years. In the fiscal year (FY) through to April 2015, the nation reported total foreign trade receipts of $29.16bn, up from $18.17bn in the same period in 2011/12.…
After nearly half a century of isolation, followed by five years of reform-driven growth, Myanmar’s economy is currently expanding at a record rate. As of late 2015 rising investment, growing exports and steadily increasing foreign involvement were expected to push GDP growth to 9.3% during FY 2015/16, which ends in March 2016, according to government estimates. This follows on five years of average…
For most of the last half century Myanmar’s insurance sector was closed and monopolised, but it is now opening up to both domestic and international competition. The transformation has been rapid and across the board. A dozen domestic private insurers have been formed since 2013, while a raft of foreign companies have opened representative offices in the country in that time. Three international…
