Organised by SPHERE Exhibits and co-organised by Myanmar Construction Entrepreneurs Association, BuildTech Yangon 2015 is a leading trade exhibition that showcases cutting-edge technologies and products to address the growing needs for building and construction across different vertical industries within the built environment sector in Myanmar. This three day event provides a conducive platform that…
A new budget signalled major funding boosts in Myanmar for the power and education sectors, both of which have been identified as structural weaknesses in the economy. The Ministry of Electrical Power was a key recipient under the MMK20trn ($18.5bn) budget for 2015/16, which came into effect on April 1. According to local media, the ministry plans to spend MMK2.5trn ($2.3bn), including foreign loans,…
Interview:Le Luong Minh What are the challenges facing ASEAN member nations in preparing for the ASEAN Economic Community (AEC) in 2015? LE LUONG MINH: In the lead up to AEC 2015, it is important to complete the regional integration agenda as set out in the AEC Blueprint. Member states need to overcome implementation bottlenecks in AEC measures, namely delays in the ratification of signed ASEAN…
Growing international traffic is driving a rapid expansion of Myanmar’s major airport network as it works to keep up with overseas arrivals. In February, Myanmar’s Department of Civil Aviation (DCA) announced that work on the new Hanthawaddy International Airport, located 70 km outside of Yangon, would begin next year, with the facility set to be operational by 2020. The first stage of the project,…
The staging of the Myanmar Infrastructure Summit 2015 will bring together foreign investors from over 25 countries to gather in Yangon; get updated on new market directions, opportunities and economic priorities of the infrastructure sectors in Myanmar and at the same time, build potential business networks with local industry players. The Myanmar Infrastructure Summit 2015 themed‘Building…
Higher levels of investment and access to credit are essential for the development of Myanmar’s agriculture sector to reach its full potential, according to experts. Agriculture continues to be the mainstay of Myanmar’s economy, despite the increase in industrial and mining activity over recent years. It is estimated that the sector accounts for around 45% of GDP, while providing employment…
As momentum has gathered behind the reforms in Myanmar, very few commentators doubt the commitment of the government there to press ahead with its plans to develop a market economy, supported by appropriate law and regulation, which will offer enormous opportunities to foreign investors. In order to provide investors with real insight into the emerging investment opportunities in different sectors,…
The country’s location within the region and population of more than 50m will help it achieve growth, with international analysts predicting Myanmar’s economy to be worth up to $200bn by 2030. With elections set to take place in late 2015, the world is eagerly watching to see how things will unfold. After spending decades as one of the most isolated and least-developed countries in Asia, Myanm
Myanmar assumed the chairmanship of ASEAN in 2014, just three years after the government embarked on an ambitious programme of political and economic reforms that have opened the door to the international community after five decades of international isolation. President U Thein Sein, a former general who now heads a quasi-civilian government, told Myanmar’s ASEAN neighbours that it would use its…
Foreign investment in manufacturing, already strong, is set to accelerate further with the long-awaited launch of Myanmar’s first special economic zone (SEZ), located near the port of Thilawa about 25 km south-east of Yangon. A greenfield project comprising 2342 ha of former farmland, the Thilawa SEZ aims to simplify the process of foreign investment by providing a ready package, with land, utilities,…
