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Analysis

Oil and gas has become a major destination for foreign investment
OBG
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Under plans revealed in October 2014, state-owned energy firms in Myanmar will be able to seek foreign partnerships to improve operations and open up downstream energy operations to investment. The energy industry is set to become one of the most attractive prospects for overseas investors following a reduction in the role of the state and the launch of new power projects. As well as privatisation…

Analysis

Stimulating developments in renewable power generation, particularly hydropower
OBG
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As Myanmar works to promote renewable energy to complement its insufficient electricity supply, new opportunities within the sector have opened up for foreign investors who can help to boost the country’s power generation. In November 2014, the US-based ACO Investment Group announced that it was developing two 150-MW solar energy plants in Myanmar, valued at $480m. The plants are expected to contribute…

Analysis

Mobile financial services and knowledge-based apps hit the market
OBG
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Myanmar’s telecoms developments will undoubtedly transform the social and economic fabric of the country, but beyond basic voice, data and SMS services a host of other products are being developed, including one of the most successful and transformative services of recent years: mobile money. The developments in the telecoms and financial services industries have been some of the most radical changes…

Analysis

Producers of construction materials are expanding to help meet demand
OBG
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Growing demand for residential units, the urbanisation of major cities and a national drive to bridge infrastructure shortfalls, should help Myanmar’s construction sector maintain its recent track record of strong growth over the coming years. The building industry is reaping the rewards of Myanmar’s fast-paced economic expansion, buoyed by growing international investor interest and rising business…

Analysis

New legislation will improve the foreign investment climate for real estate
OBG
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A much-anticipated reform in the real estate sector for 2014 was the introduction of the draft Condominium Law, but a series of disagreements among lawmakers has delayed its introduction to an unspecified date. The draft law is now expected to be re-submitted to the parliament in January 2015. The law, if approved as proposed, will allow foreigners to own apartment units, albeit with conditions attached.…

Analysis

Re-establishing Myanmar as a major regional rice producer
OBG
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Between the 1950s and 1960s, Myanmar was the largest rice exporter in the world. Today, it places behind world leaders Thailand and Vietnam. Even in rice production levels, fellow ASEAN nations such as Thailand, Vietnam, Indonesia and the Philippines are yielding more than Myanmar. However, the potential is high for the land- and water-rich Myanmar to become a major regional rice player if it succeeds…

Analysis

Mining legislation updates should improve clarity and production
OBG
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A new wave of mining exploration is getting under way in Myanmar, and it has been a long time coming. With a few exceptions, Myanmar has been generally cut off from developments in the international mining industry since the days of the British Empire. After the Second World War, the newly independent Burma was too politically unstable to attract much new exploration or development before all mines…

Analysis

Easing of legal restrictions sees influx of used cars and foreign players
OBG
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Myanmar’s automotive sector is widely tipped for takeoff in the year ahead, with strong growth expected and a range of international giants recently making some of their first, concrete moves into the country. In late 2013 market researcher Frost & Sullivan predicted compound annual growth of 7.8% for the sector from 2012 to 2019, due in large part to greater ASEAN integration. This figure may…

Analysis

Rising incomes and public expenditure raise market expectations
OBG
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With double-digit growth widely predicted and indeed being realised by many new market entrants, Myanmar’s pharmaceuticals sector has been attracting a great deal of attention of late – particularly from companies able to offer low-cost products in this still largely lowincome market. At the same time, international companies are positioning themselves to take advantage of relatively low production…

Analysis

With greater regional integration ahead, the government is investing in vocational training
OBG
plus

Rising demand for qualified staff throughout Myanmar has accelerated vocational training initiatives, which have been undertaken by both government agencies and foreign institutions. Since the opening of the economy to the outside world, workers have noticed a dramatic expansion in job opportunities, but often lack the skill set required to fill postings. The arrival of multinational corporations in…