The Business End
Inevitably, years of financial stagnation and isolation from the surrounding communities has made Myanmar one of the poorest nations in the region, with the country understandably having to start almost from scratch upon its reinvention in 2011. What this epiphany has allowed though, is a fast-track to the most modern and forward thinking of solutions across all industries as the strategy comes to fruition.
This will take time of course, and the primary industry in Myanmar remains rooted in agriculture - and the production of rice in particular - but there are already signs that areas of technology, manufacturing, finance and foreign direct investment are gaining traction.
Eased sanctions from the US and EU have aided this progression on a wider scale, and have been compounded more locally by the palpable interest in investments emanating from neighbours; China, Singapore, the Philippines, South Korea, India and Thailand. Looser border controls have ‘helped me to help you’ in this respect and thus, the industrial revolution is in full -albeit embryonic - swing. In turn, the country’s facilitation of visitors has been one of the first facets overhauled and Myanmar’s hospitality sector is now right up there with the best that the tourist-hub of Southeast Asia can offer.
Gandamar Myaing Hotel, Taw Win Garden Hotel and Summit Parkview Yangon Hotel are all prime examples of this new wave of independent chain stamping their mark on the nation’s hotel domain; adding a touch of comfort to the wealth of organic beauty already available.
Nga Htat Gyi Pagoda