Singapore

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 12/31/2013

Investing in Myanmar 

Myanmar has a strong foundation for high growth based on the demographic of the population, providing an attractive low-cost workforce, the rich supply of natural resources and abundant agricultural resources, as well as the potential for tourism.

After decades with limited development and modernization Myanmar is now entering a new era. As a result of restrictions imposed by many foreign governments, foreign investments in Myanmar have primarily been from a limited number of countries, focusing on a limited number of sectors. This has caused Myanmar's development to lag behind the rest of the other ASEAN countries, and indeed behind the rest of the world.
Investing in Myanmar
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Now the scenery is clearly changing. Today Myanmar is attracting a lot of interest from the international business community. According to "Myanmar in Transition", a recent report by the Asian Development Bank, Myanmar has a strong foundation for high growth based on the demographic of the population, providing an attractive low-cost workforce, the rich supply of natural resources and abundant agricultural resources, as well as the potential for tourism.