A new report from the global research and consultancy firm Oxford Business Group (OBG) explores Myanmar’s efforts to boost investment and tackle the country’s macroeconomic challenges through a series of reforms aimed at opening up more of the economy to foreign participants.
The Report: Myanmar 2019 charts the steps the country is taking to enhance its business environment and encourage private sector activity, led by the Myanmar Companies Law, which came into effect in August, changes to the tax system, and the continued development of special economic zones.
Myanmar’s financial sector is a key focus, with wide ranging analysis of liberalization efforts following the decision to allow foreign banks to provide financial services direct to Myanmar firms for the first time. The publication shines a spotlight on the insurance industry, which is poised for expansion, following the decision to allow international players to fully participate in the market in the coming financial year. OBG also examines the latest developments at the Yangon Stock Exchange, which is poised for heightened activity on the back of a push to increase listings and a move to relax the rules governing foreign ownership under the Companies Law.
Elsewhere, The Report: Myanmar 2019 maps out at the raft of infrastructure initiatives in the pipeline, led by the mega-urban development projects such as New Yangon City and New Mandalay Resort City, with public tenders providing signifiant opportunities for private firms. In addition, it considers the key part that Myanmar’s real estate sector can play in instilling a new wave of investor confidence — if ambiguities over land rights and the implementation of the Condominium Law can be resolved.
A drive to encourage foreign investment and a burgeoning young population with higher earnings point to a bright future for what represents the world’s last untapped retail market. OBG’s report explores the myriad opportunities available in both the wholesale and retail segments, buoyed by a decision to open both areas to 100% foreign investment in 2018.
With its many attractions soon to be supported by an improved regulatory environment, Myanmar also has much to offer visitors. OBG’s report highlights efforts to ease entry requirements and broaden the country’s international appeal to counteract negative press coverage of the country’s internal affairs.
The hydrocarbons industry has long been a key contributor to the national economy and a major source of export revenue. The Report: Myanmar 2019 examines the country’s latest plans for the sector, which include discussions around changes in production sharing contracts to bolster upstream investment.
The Report: Myanmar 2019 contains contributions from State Counsellor Daw Aung San Suu Kyi and President U Win Myint, together with a detailed sector-by-sector guide for investors.
It also features a wide range of contributions from other high-profile personalities, including: U Than Myint, Minister of Commerce; U Han Zaw, Minister of Construction; U Zaw Myint Maung, Chief Minister, Regional Government of Mandalay; U Zaw Min Win, President, Union of Myanmar Federation of Chambers of Commerce and Industry; and Serge Pun, Chairman, Serge Pun & Associates.
Commenting ahead of the launch, OBG’s Editor-in-Chief, Oliver Cornock, said that despite pressures at home and abroad, Myanmar is expected to record another year of strong GDP growth in 2019, retaining its status as one of South-east Asia’s fastest-expanding economies.
“The government will be looking to its new development roadmap to tackle the macroeconomic challenges it faces, which include currency volatility and twin deficits,” he said. “However, 2018 also brought gains, as our report indicates, led by an improved performance from the agriculture sector, a recovery in oil and gas prices, and upticks across key areas of the manufacturing industry.”
OBG’s Regional Editor for Asia, Patrick Cooke, added that Myanmar’s ongoing efforts to attract investors by opening up more of its economy to international trade and foreign ownership were evidently delivering results.
“There are signs that Myanmar is emerging as a manufacturing destination of note thanks to its increasing openness to investment,” he said. “The government will now also be hoping that increased foreign participation in the finance sector and additional hydrocarbons projects provide further boosts in the form of new capital and further investment.”
The Report: Myanmar 2019 marks the culmination of nine months of field research by a team of analysts from Oxford Business Group. The publication assesses trends and developments across the country, including those in macroeconomics, infrastructure, banking and others.
The Report: Myanmar 2019 has been produced with the Myanmar Investment Commission, Win Consulting and Kelvin Chia Law Firm. It is available online and in print: https://oxfordbusinessgroup.com/myanmar-2019#report_launcher
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Myanmar Summary
ျမန္မာႏိုင္ငံအေနျဖင့္ ျပည္တြင္းျပည္ပမွ ဖိအားမ်ားရွိေနေသာ္လည္း ၂၀၁၉ ခုႏွစ္တြင္
အသားတင္ကုန္ထုတ္လုပ္မႈတန္ဖိုး (GDP) စံခ်ိန္တင္ျမင့္တက္လာဖြယ္ရွိေနျပီး အေရွ႕ေတာင္အာရွေဒသတြင္းတြင္
စီးပြားေရးဖြံ႔ျဖိဳးတိုးတက္မႈႏႈန္း အျမင့္မားဆံုးႏိုင္ငံဟူသည့္ ဂုဏ္ပုဒ္ကို ဆက္လက္ထိန္းသိမ္းသြားႏုိင္ဖြယ္ရွိေၾကာင္း
Oxford Business Group မွ ထုတ္ျပန္လိုက္ေသာ The Report: Myanmar 2019 တြင္ ေဖာ္ျပထားသည္။
ျမန္မာနိုင္ငံတြင္ ရင္းႏွီးျမႇဳပ္ႏွံ၍ စီးပြားေရးလုပ္ကိုင္လိုသည့္ ႏုိင္ငံျခားသားမ်ားအတြက္ ျမန္မာႏုိင္ငံ၏
စီးပြားေရးအေျခအေနမ်ားကို သိရွိေစရန္ Oxford Business Group က ၂၀၁၉ အစီရင္ခံစာကို ႏုိင္ငံတကာသို႔ ထုတ္ျပန္ခဲ့ျခင္း ျဖစ္သည္။
‘‘ႏုိင္ငံအတြင္းမွာ ရင္းႏွီးျမႇဳပ္ႏွံမႈ အခြင့္အလမ္းေတြ ပိုမိုပြင့္လင္းလာတဲ့အတြက္ေၾကာင့္ ျမန္မာႏိုင္ငံဟာ ကုန္ထုတ္လုပ္မႈပိုင္းဆိုင္ရာ
ထိပ္တန္းေဒသတစ္ခုအျဖစ္ ရပ္တည္လာႏုိင္မယ့္ လကၡဏာေတြ ေတြ႕ျမင္ေနရပါတယ္’’ ဟု OBG အယ္ဒီတာခ်ဳပ္ Oliver Cornok က ေျပာသည္။
ႏုိင္ငံျခားစီးပြားေရး လုပ္ငန္းရွင္မ်ား ရင္းႏွီးျမႇဳပ္ႏွံမည္ဆုိပါက ရရွိႏုိင္မည့္ အခြင့္အလမ္းသစ္မ်ားကို
အဆိုပါ အစီရင္ခံစာတြင္ ေဖာ္ျပထားေၾကာင္းႏွင့္ ျမန္မာႏုိင္ငံ၏ စီးပြားေရးက႑ပိုမိုေကာင္းမြန္လာေစရန္ႏွင့္
ပုဂၢလိက႑ေဆာင္ရြက္မႈမ်ား အားေကာင္းလာေစရန္ ရည္ရြယ္ခ်က္ျဖင့္ ျမန္မာ ၂၀၁၉ အစီရင္ခံစာ
ထုတ္ျပန္ျခင္းျဖစ္သည္ဟု OBG သတင္းထုတ္ျပန္ခ်က္တြင္ ေဖာ္ျပထားသည္။
၂၀၁၉ ျမန္မာႏုိင္ငံ၏ အစီရင္ခံစာတြင္ ႏုိင္ငံျခားဘဏ္ခြဲမ်ားကို ဘ႑ာေရးဆုိင္ရာ၀န္ေဆာင္မႈ မ်ားခြင့္ျပဳေပးျခင္းကိစၥရပ္မ်ား၊
ဘ႑ာေရးေငြေၾကးရင္းႏွီးျမႇဳပ္ႏွံမႈႏွင့္ ဆက္စပ္၍ ႏုိင္ငံတကာအာမခံကုမၸဏီမ်ား ျမန္မာႏုိင္ငံတြင္ ရင္းႏွီးျမႇဳပ္ႏွံႏုိင္မည့္အေျခအေနမ်ားကို ေဖာ္ျပထားသည္။
ထို႔အျပင္ ကြန္ဒိုမီနီယံနည္းဥပေဒက်င့္သံုးမႈႏွင့္ ပတ္သက္၍ အျငင္းပြားမႈကို ေျဖရွင္းႏုိင္မည္ဆုိပါက
အိမ္ၿခံေျမက႑တြင္ ရင္းႏွီးျမႇဳပ္ႏွံသူမ်ား၏ ယံုၾကည္မႈျပန္လည္ရရွိလာႏုိင္မည့္ အခ်က္မ်ားကို အစီရင္ခံစာတြင္ ေဖာ္ျပထားသည္။
Oxford Business Group သည္ အာရွ၊ အာဖရိက၊ အေရွ႕အလယ္ပိုင္းႏွင့္ အေမရိကတိုက္တုိ႔မွ ႏုိင္ငံေပါင္း ၃၀ ေက်ာ္တြင္
သုေတသနႏွင့္ အတုိင္ပင္ခံလုပ္ငန္းမ်ား ေဆာင္ရြက္ေနေသာ အဖြဲ႕အစည္းျဖစ္သည္။
