Boom times for Myanmar | Bangkok Post: business

Business > News

Boom times for Myanmar

- +

A robust economy is the main attraction for foreign direct investment (FDI) in Asean and elsewhere in Asia, particularly in Myanmar, where recent economic liberalisation has boosted investment substantially, say international analysts. 

The Institute of Security and International Studies projects the Southeast Asian economy is likely to experience 3-5% annual growth into the next decade, director Thitinan Pongsudhirak told the Norway-Asia Business Summit yesterday. The three-day event ending today has been organised by the Thai-Norwegian Chamber of Commerce.

Joseph Zveglich, assistant chief economist at the Asian Development Bank, said the ADB forecasts overall Asian gross domestic (GDP) growth of 6.2% this year and 6.4% next year on the back of the economic recovery in the US, Europe and Japan.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments