Country and Political Risk Assessment
With long term experience in Myanmar we are well placed to offer commentary with regards to the country and its associated political risks. As a new Government takes charge, the political scene has evolved, although challenges remain. Certain ethnic and religious tensions remain unresolved. New laws and policies are being approved constantly. All of these factors must be analysed and considered by institutions, companies and non-governmental organisations.
Corporate Social and Environmental Responsibility
The Myanmar Investment Commission (MIC) is putting significant emphasis on socially responsible investment, environmental impacts, cultural awareness and the active consideration of national sensitivities. As such CSR (corporate social responsibility) and ESIA (environmental and social impact assessments) components are key elements of any significant investment strategy. Myanmar Bureau helps to support the development of effective long term strategies.
Myanmar Bureau facilitates successful local and national stakeholder engagement which makes a positive contribution to the future development of Myanmar.
Myanmar is seen as offering compelling investment opportunities across many sectors. An dilapidated nationwide infrastructure of roads, power stations and bridges is urgently in need of upgrading and expansion. A predominantly unconnected population presents further opportunities in the telecoms and IT sectors. Oil, Gas and the Extractive Industries generally are seeing increasing international interest. The Financial sector is in need of international guidance. Increasing tourist arrivals will present significant opportunities in the hospitality, travel and FMCG sectors. A large workforce with comparatively inexpensive labour will see new opportunities in manufacturing. Particularly in the garment sector which is now very much revived. The current official minimum wage in Myanmar currently stands at approximately US$3 for an 8 hour daily shift.
Increased government spending on education and healthcare will offer opportunities for investment in these areas. The Agricultural and Fisheries sector which currently accounts for a significant proportion of GDP and employs around 60% of the population will benefit from investment in modern techniques and technologies. There are many exciting opportunities for investment in Myanmar.