Yangon Government Submits Economic Plan to Parliament

​​ An economic plan for 2017-2018, which aims to increase Gross Domestic Product by 8.5% was submitted to the Yangon Region Government by the Minister of Planning and Finance, Myint Thaung. The minister explained that the draft of the plan was designed to match the budget of the Yangon Region. It was drafted together by […]

Myanmar: Opening up business to the world

MY FIRST visit to Myanmar was in 1985 – it was at a time when the country was still struggling to find its footing from years of internal strife and international disdain. There is really no need to describe a country in this situation, where its political and economic struggles are visible in the streets […]

Infrastructure, skilled workforce are keys to Burmese economic growth

Despite an influx of foreign investment and large resource base, Myanmar’s exponential growth in gross domestic product (GDP) could be held back by inadequate basic infrastructure and a lack of skilled workers, says a Yangon-based business and market entry adviser. Jean-Pierre Verbiest, an economic and finance expert at West Indochina, said Myanmar, officially known as […]