On the need to develop a manufacturing ecosystem for medical supplies in Myanmar in light of the Covid-19 pandemic How could Myanmar become more self-reliant in medical supplies and equipment? WIN ZAW AUNG: Myanmar still depends on imports for medical equipment and 99% of medical consumables, including personal protective equipment. As one of Myanmar’s major suppliers of medical equipment and…
In 2015 the government of Myanmar laid out the goal to provide universal health care (UHC) by 2030. The aim of UHC is to ensure that every citizen can access high-quality services without experiencing financial hardship. The World Health Organisation (WHO) uses three metrics to measure the success of UHC schemes: coverage of essential health services; protection against financial risk; and…
Interview:U Aung Chit Khin How attractive is the sector for private investment? U AUNG CHIT KHIN: Private pre-tertiary schools are very attractive for investment. This segment is high up on the Myanmar Investment Commission’s list of foreign direct investment priorities. Alongside demand from expats, which is recovering after a lull, there is strong domestic demand for such institutions. While…
In recent decades the pharmaceutical market has expanded its geographical reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018. Even in the most newly opened markets, drug…
Health care expenditure has been rising in Myanmar, and the government is implementing three national health plans (NHPs) to lead the country towards the goal of universal health care (UHC) by 2030. Furthermore, private investment has become increasingly welcome and significant growth potential exists in the insurance market. Nonetheless, the sector requires more systematic data collection…
Driven by increased public investment and a series of key reforms Myanmar’s education sector has undergone a significant transformation following the transition to democracy that began in 2011. The budget allocation for the sector has risen steadily to be nearly six times the amount it was in FY 2011/12, reaching MMK1.76trn ($1.15bn) in FY 2018/19. Furthermore, liberalisation has resulted…
New legislation is paving the way for foreign investment in the education sector. This move is expected to support increased capital inflows and raise the standard of education through increased competition. While some challenges remain, investor appetite looks set to increase once regulations around quality assurance in the private sector are introduced. Liberalising the Sector Myanmar’s…
Myanmar’s education sector has undergone a significant transformation following the transition to democracy. Budget allocation for the sector has risen steadily and liberalisation has resulted in the emergence of a rapidly expanding private school segment. Nevertheless, further work is required to reform the curriculum, raise teaching standards and adopt education technology if the country’s…
One of the fastest-growing economies in South-east Asia, Myanmar has been steadily opening up to international trade and investment over the past decade. A new long-term economic development agenda, alongside ongoing liberalisation and the easing of restrictions on foreign investors – notably, within the insurance sector – and considerable growth in some manufacturing segments, is set to encou
In this Global Platform video, Dr. San San Yi, chairman of Okkar Thiri, talks about the expansion of private hospitals in the country, which have increased from only one or two facilities during the 1980s, to 250 now. As more foreign investors are entering Myanmar, the quality of equipment and overall health care is continuing to improve, meaning that more people are being treated within the country.
