Village shops in Myanmar take a page from Japan’s retail playbook

YANGON — A hut in Kawhmu, a town 90 minutes by car from Myanmar’s commercial capital, Yangon, seems an unlikely symbol of the country’s economic transformation, but it is. The village’s general store sells a panoply of daily necessaries and snacks. Sachets of instant coffee and detergent dangle from the wood and bamboo ceiling. Although […]

High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]

ANZ making a regional banking push

A well-regarded set of regional banks emerged as the winners of nine foreign banking licences as they were announced in October. Three of the Japanese megabanks snagged licences, along with two large Singaporean banks and one each from China, Malaysia and Thailand. Also included on the list was Australia and New Zealand Banking Group, commonly […]

Myanmar investment message undermined by politics, sanctions

(Reuters) – The rapid economic transformation of Myanmar, less than two years after transitioning from military control and opening itself to the world, is not without its rough patches, the nation’s top economic minister said on Wednesday. At the same time, George Soros, one of the earliest investors in Myanmar’s economy and even more so […]