As Myanmar’s economy continues to grow, foreign investors will always have ample opportunity to establish their business presence. In this blog series, we look into Myanmar’s individual services sector, highlighting their specific challenges, opportunities and its general outlook in the long term.
 
Sectors we have covered:
Hotel and Tourism Part I – Tourism: an Economic Generator & Infrastructure Constraints
Hotel and Tourism Part II – Challenges, Government Support & Outlook
Banking & Finance – The Economic Driver, Challenges, Opportunities & Forecast
Telecommunications – More than Just Talk-time, Challenges, Opportunities & Outlook
Transportation – Better Transport to Boost Economic Growth, Challenges, Opportunities & Outlook
Retail – Myanmar’s Economy Fueling the Retail Boom, Challenges, Opportunities & Outlook
Education – Educating Myanmar’s Future, Challenges, Opportunities & Outlook
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A Look into Myanmar’s Services Sector: Oil & Gas
​Myanmar is one of the world’s oldest oil producers. The country exported its first barrel of crude in 1854. Despite this, its upstream sector is still not mature. This is due to a number of factors; sanctions, government policy and insufficient investments have all hindered Myanmar’s efforts to realize its Oil & Gas (O&G) potential. 

Myanmar's Directorate of Investment and Company Administration (DICA) announced late last year that it will be replacing the colonial-era Myanmar Companies Act of 1914. The new law combines the elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, in hopes that the new law will be more attractive to foreign investments.

In this blog post, we will outline some key developments in this new law.

ACRA’s legislative amendments targeted to be implemented by the first half of 2018.
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Aligning corporate compliance timelines to the Financial Year End (FYE). The timelines for holding Annual General Meetings (AGMs) and Annual Returns (AR) filing will be aligned with the company’s FYE. This will provide a greater clarity and improve the companies’ compliance requirements as stated in the Companies Act.

Singapore Budget 2018 was said to be visionary and forward looking with an eye for the long run. It is about laying the foundation for Singapore’s development in the next decade, helping businesses to transform thus ensuring that Singapore companies remain competitive. Here is how Singapore Budget 2018 affects your business.

As Myanmar’s economy continues to grow, foreign investors will always have ample opportunity to establish their business presence. In the next few months, follow us as we look into Myanmar’s individual services sector, highlighting their specific challenges, opportunities and its general outlook in the long term. 

Sectors we have covered:
Hotels and Tourism Part I – Tourism: an Economic Generator & Infrastructure Constraints
Hotels and Tourism Part II – Opportunities, Government Support & Outlook
Banking and Finance – The Economic Driver, Challenges, Opportunities and Forecast
​Telecommunications - More than Just Talk-time, Challenges, Opportunities & Outlook
Transportation - Better Transport to Boost Economic Growth, Challenges, Opportunities and Outlook
Retail - Myanmar’s Economy Fueling the Retail Boom

A Look into Myanmar's Services Sector: Education
Myanmar’s education system was once the best in the region, with its Rangoon University being the most prestigious university in Southeast Asia. But due to its previous military regime, the quality of education declined significantly and the country is now far behind regional norms.
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While the country looks to resolve its unpleasant domestic situation which have attracted global attention, there are still many more systemic fixes which are key to Myanmar’s long-term stability, and reforms in education is one of the most important. Sustaining Myanmar’s political transition depends on improving its education sector.
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Why?
Singapore has followed the lead of The Financial Action Task Force (FATF) in its effort to combat money laundering and financing of terrorism acts which have been major concerns for international law enforcement authorities.

As Myanmar’s economy continues to grow, foreign investors will always have ample opportunity to establish their business presence. In the next few months, follow us as we look into Myanmar’s individual services sector, highlighting their specific challenges, opportunities and its general outlook in the long term. 

Sectors we have covered:
Hotels and Tourism Part I – Tourism: an Economic Generator & Infrastructure Constraints
Hotels and Tourism Part II – Opportunities, Government Support & Outlook
Banking and Finance – The Economic Driver, Challenges, Opportunities and Forecast
​Telecommunications - More than Just Talk-time, Challenges, Opportunities & Outlook
Transportation - Better Transport to Boost Economic Growth, Challenges, Opportunities and Outlook

​​A Look into Myanmar's Services Sector: Retail
Myanmar’s retail sector promises a significant potential. Having recently opened up its economy and with consumers anticipating major changes and new opportunities, this is a country with enormous market potential. City Mart; one of the country’s largest retailers have announced expansion plans which include doubling the number of its supermarkets, tripling the number of its convenience stores and embarking on eCommerce with a click-and-collect service. 
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As Myanmar’s economy continues to grow, foreign investors will always have ample opportunity to establish their business presence. In the next few months, follow us as we look into Myanmar’s individual services sector, highlighting their specific challenges, opportunities and its general outlook in the long term. 

Sectors we have covered:
Hotels and Tourism Part I – Tourism: an Economic Generator & Infrastructure Constraints
Hotels and Tourism Part II – Opportunities, Government Support & Outlook
Banking and Finance – The Economic Driver, Challenges, Opportunities and Forecast
​Telecommunications - More than Just Talk-time, Challenges, Opportunities & Outlook
Retail – Myanmar’s Economy Fueling the Retail Boom, Challenges, Opportunities and Outlook
 
A Look into Myanmar's Services Sector: Transportation
Transportation is an important component of Myanmar’s economy. Economic opportunities have been related to the mobility of its people, goods and information. When transport infrastructures are efficient, they present opportunities for the economy and society, and its benefits will result in a multiplier effect such as improved accessibility to markets, employment and additional investments.
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