With promising economic growth averaging 7% a year, a young workforce and abundant resources, the country of 53 million seems to present boundless opportunities for local and foreign investors alike. Those investors that do take the leap will find a more amenable climate thanks to the new Investment Law and Company Law. The archaic banking sector has also undergone major reforms, with foreign banks now permitted to offer some corporate services. Despite reforms that began eight years ago, foreign banks are still barred from retail banking or direct lending in the local currency. It would be a shame to see Myanmar's recent reforms falter because of a lack of concrete follow-up action.

Source: Bangkok Post September 23, 2018 22:41 UTC