Overview

Myanmar financial institutions explore the market
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Since the political reforms of 2011, a number of significant steps towards liberalisation have been taken in the banking sector. The Central Bank of Myanmar (CBM) has been given much needed autonomy and ATMs are now allowed in the country. Further aiding accessibility, mobile banking services have been introduced. New private banks are being set up and foreign banks have been granted licences to open…

Overview

New developments in Myanmar as the bourse opens
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The country’s new stock market, which has been in development since 2008, has been designed to approach or meet international standards in terms of listing rules, intermediation, market infrastructure and supervision. It will be well supported and promoted and will likely make a significant difference in Myanmar. The new bourse will allow for companies in the fast-growing economy to raise capital…

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Myanmar working to meet the demand for power
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Although it has one of the lowest electrification rates in the world, currently at about 30%, Myanmar is targeting total coverage by 2030. Despite the significant progress needed, the goal is seen as reachable, with Myanmar holding abundant hydro and solar resources, and considerable hydrocarbons potential. The country is also likely to be able to attract the capital to build the much needed capacity.…

Overview

Ken Tun, CEO, Parami Energy Group; and Olivier de Langavant, Senior Vice-President Asia Pacific, Total E&P: Interview
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Interview: Ken Tun and Olivier De Langavant Myanmar’s deepwater acreage is expected to hold significant gas potential. Given recent oil prices, how would you assess the investment climate for large-scale energy projects? KEN TUN: Firstly, a recent US Energy Information Administration report suggested that the current oil price decline is not sustainable, and the government should not use this current…

Overview

Myanmar develops internet capacity and IT training
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The growth of the IT sector has been partly overshadowed by the liberalisation of the telecoms industry. However, the arrival of major international telecoms players has opened up significant new opportunities for Myanmar’s expanding tech market. Yet this has also put some strain on the country’s internet capacity as a population of more than 51m gradually gains access to the web, mostly for the…

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Myanmar witnesses increased demand for mobile communications
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Myanmar’s telecoms sector is in the midst of an energetic expansion, which is reshaping the economic and social composition of the country. The arrival of international mobile network operators (MNOs) in the autumn of 2014 is expanding the ICT market well beyond its former capacities, with an array of new technologies that are dramatically changing the landscape of the country. Rapid Growth Hailed…

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Condo and retail developments in Myanmar cities
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An expansion of retail space in urban centres is currently under way in Myanmar, as the country targets the creation of “destination” malls, similar to those that have proved popular in much of South-east Asia. In Yangon, Myanmar’s commercial centre, total retail stock stood at an estimated 171,078 sq metres of leasable space at the end of the first half of 2015, according to the real estate…

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Improving regulations and standards for Myanmar's construction sector
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Construction activity eased in 2015, as investors awaited the outcome of November’s historic election and the passage of a new law governing the development of condominiums. The law was introduced in Parliament in 2012 and could potentially allow foreigners to buy property in the country for the first time. Despite the political risks, Myanmar’s development needs remain significant, particularly…

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Opening Myanmar's agriculture and forestry sector
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The historic importance of agricultural production in Myanmar’s economy continues to hold strong in the wake of recent economic reforms and liberalisation. Indeed, the industry presents a number of industrial and productive opportunities that, if properly nurtured, could help the country regain and even surpass much of its former standing as a lead producer in the region. To do so, however, will…

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Industrial activities are key to growing Myanmar's GDP
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After decades as a primarily agrarian society, over the past six years Myanmar has made considerable progress towards the development of a sustainable industrial base. Its key manufacturing sectors – which include textiles and garments, food and beverage (F&B) products, and construction materials – have attracted growing investment and, consequently, have rapidly expanded output. Growing Contribution In…