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BG talks to Takashi Nagashima, Managing Director, KSGM; Ross Cormack, CEO, Ooredoo Myanmar; Petter Furberg, CEO, Telenor Myanmar; and U Shane Thu Aung, CEO, Yatanarpon Teleport/Royal Yatanarpon
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Interview:Takashi Nagashima,Ross Cormack,Petter Furberg,U Shane Thu Aung With mobile penetration on the rise, how can local small and medium-sized enterprises (SMEs) capitalise on the advancement of the telecoms sector? TAKASHI NAGASHIMA:Not until recently have mobile services been a common tool in Myanmar. Through the advancements of telecommunications, SMEs, large…

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Efforts needed to improve infrastructure and human resources
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Myanmar’s IT sector is beginning to feel the effects of the telecoms revolution as a result of the sector’s major reform process, but fixed-line connections and related infrastructure have a long way to go to catch up with the aggressive developments from mobile operators Ooredoo, Telenor and Myanmar Post and Telecommunication (MPT). The general spread of internet connectivity will transform Myanmar,…

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New legislation will improve the foreign investment climate for real estate
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In August and September 2014 two new mobile network operators (MNOs) launched in Myanmar, delivering state-of-the-art services to compete with the state’s monopoly. The country is now a fierce telecoms battleground as each company vies to attract Myanmar’s 51m potential mobile users. From under 10% mobile penetration in 2013, the country is due to exceed 97% teledensity in five years, introducing…

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New projects are attempting to bridge the housing supply gap
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Major demand for real estate is being driven by Myanmar’s significant economic growth, and market participants are looking forward to the arrival of new foreign investors. Thanks to the current government’s economic and political reforms since 2011, Myanmar is seeing broad growth in sectors such as oil and gas, telecommunications, manufacturing, construction and tourism. With new arrivals, the…

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Developers are rushing to build infrastructure, offices and housing
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Evidence of the construction boom in Myanmar is visible throughout the country and especially in Yangon. The old capital has been awakened and is on an express track to becoming a modern city, with the number of public works and concrete buildings rapidly rising in the last four years. This trend is set to continue, as the economy is on track to grow 7.8% in both FY 2014/15 and FY 2015/16, according…

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Necessary reforms are under discussion to move the sector forward
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An estimated 45% of Myanmar’s GDP is provided by the country’s agricultural sector, which also employs about 70% of the domestic labour force. With Myanmar’s economy expected to grow 8.5% in 2014/15, according to the World Bank, the government hopes that reforms in the agriculture sector will contribute to higher incomes and job creation. However, despite various reforms under discussion, the…

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Many mark 2015 as the start of a period of long-term industry growth
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Mining is expected to be a top driver of Myanmar’s economic development in the decades ahead thanks to the country’s unusually diverse and largely untapped geological resources. While the government has been reluctant to allow outsiders into the world’s richest jade and ruby mines, Myanmar appears poised to attract a flood of foreign investment into its underexplored potential to produce metals,…

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International interest and investment are driving development
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Thanks to the recent acceleration of investment in manufacturing and retail, alongside other industries, Myanmar has been making rapid progress in its effort to catch up with regional peers. While much ground remains to be covered, its achievements to date are remarkable, given its history and the challenges it faces in a highly competitive neighbourhood. Strong international support and investment,…

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The government is regaining lost ground after much neglect
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Revitalising a fragile education system, which was once considered amongst the best in South-east Asia, remains a top priority for Myanmar’s transitional government. However, rapid urbanisation, limited infrastructure, and a mesh of civil and religious unrest have left the Ministry of Education (MoE) with numerous hurdles to overcome. During the height of military rule, the Ministry of Defence received…

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The provision of medical services is set to receive major funding and attention
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By most accounts, Myanmar has made significant economic progress in recent years, but general health care quality and access still lag dramatically behind that of its neighbours. Decades of mismanagement and limited funding has diminished the health sector and left it in dire need of reform, leaving the Ministry of Health (MoH) to fight an uphill battle. With life expectancy in the country being among…