Despite an influx of foreign investment and large resource base, Myanmar’s exponential growth in gross domestic product (GDP) could be held back by inadequate basic infrastructure and a lack of skilled workers, says a Yangon-based business and market entry adviser. Jean-Pierre Verbiest, an economic and finance expert at West Indochina, said Myanmar, officially known as […]
Infrastructure, skilled workforce are keys to Burmese economic growth
May 16, 2014 by thiha
Filed Under: Latest News Tagged With: Asian Development Bank, foreign investment, GDP, Gross Domestic Product, Growth, Inadequate, infrastructure, International Monetary Fund, Jean-Pierre Verbiest, Myanmar, skilled workers, World Bank
Power shortages hold Myanmar back
November 28, 2013 by thiha
The recent protests in Yangon against a hike in electricity charges have shed some light on Myanmar’s serious power crisis. In the past three years Myanmar has witnessed the suspension of the Chinese-invested Myitsone dam project, mass demonstrations against blackouts in big cities like Yangon and Mandalay, and protests against the rate rise. Electricity is […]
Filed Under: Latest News Tagged With: Abandon, adjust, Alternative Energy Technology, Coal, culture, dam project, Deteriorated, Electricity Charges, Electricity Price, Environmental and Social Impacts, Feasibility, Gold Mining, hydropower, Inadequate, increase, Investment Environment, Investment Summit, Irrawaddy River, Mutually Advance, Outdated, Power Consumption, power generation, power price, power shortages, Power Supply, Security, Transmission Lines, Utility Rate
