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Private capital needed to fund required infrastructure

Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]

Trade sanctions by EU, US unlikely: analysts

Analysts are not expecting the European Union or the US to revoke Myanmar’s tariff-free access to their markets over the coming quarters. Following a United Nations report implicating the Tatmadaw in human rights abuses against ethnic minorities in the states of Rakhine, Kachin and Shan in September last year, the EU announced a month later […]

Changes in petroleum law could give Myanmar a boost in oil and gas investments

Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research. With Myanmar among the few under-explored upstream markets in Asia and interest […]

Fitch Solutions downgrades Myanmar’s construction outlook on Rakhine and reform inertia

Consulting firm Fitch Solutions Macro Research downgraded the growth forecast for Myanmar’s construction industry, saying economic reforms which would boost infrastructure development had been knocked off course and the northern Rakhine crisis would weigh on the economy. Fitch Solutions Macro Research, a unit of London and New York-headquartered Fitch Group, on Friday cut the expectations […]

Five sectors driving Myanmar’s economic growth in 2018-19

Myanmar’s economy has taken a beating in recent quarters, with a rising number of companies reporting tougher business conditions and a slowdown in market demand. One of the main reasons is the rising foreign exchange rate. Despite a slew of measures taken by the Central Bank, which included pumping millions of dollars from its reserves […]