The aGolden Landa, officially known as the Republic of the Union of Myanmar and formerly as Burma, has undergone dramatic reforms in recent years under the administration of President U Thein Sein. The rapid transition from a military junta to an open economy has surprised the global community and will see Myanmar assume the ASEAN chair for the first time in 2014. Known as the alast frontier marketa Myanmar is rich in natural resources and has an established extractive industries sector, with one of the worldas oldest continuously producing oil fields. The country also enjoys significant mineral resources which remain greatly under explored by international mining firms - something the government is proactively trying to change. The easing of economic sanctions has accelerated the nationas economic growth, but Myanmar still faces political challenges, including ongoing ethnic conflict and religious tensions. However, with greater access to international markets and a growing number of business opportunities, investors are cautiously optimistic about the countryas future.KYAWKYAWMAUNG:In April 2012, Myanmar switched to a managed floating exchange rate regime, producing a single, ... business regulation issued by the CBM in July 2012 allows the bank to conduct credittoken business, but not yet credit card services. The CBM needs time to study how a card market would best work.
|Title||:||The Report: Myanmar 2014|
|Author||:||Oxford Business Group|
|Publisher||:||Oxford Business Group - 2014-03-03|