Cambodia, Laos and Myanmar Business Forecast Report Q4 2014 - New Report Available
Recently published research from Business Monitor International, "Cambodia, Laos and Myanmar Business Forecast Report Q4 2014", is now available at Fast Market Research
[ClickPress, Tue Oct 14 2014] While political reforms in Myanmar have not been particularly impressive over recent months, economic reforms have maintained a steady pace. Specifically, the Central Bank of Myanmar (CBM) announced in July that it would allow as many as ten foreign banks to begin operations in the country before the end of September, marking the first time in decades that foreign financial institutions would be allowed to operate in the former pariah state. This is a major step forward, not only in terms of the government's economic reform credentials, but also in terms of the economy's near-to-medium term growth prospects. Foreign banks will increase the local availability of capital considerably, and will for this reason be a boon to foreign firms looking to do business in the frontier market. Additionally, foreign banks will bring a new level of expertise to the market, acting as a positive market force for local banks in terms of competition. While we remain cautious on Myanmar's political prospects ahead of next year's election, we maintain our constructive stance towards the country's booming economy.
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The recently-inked agreement between the ruling Cambodia People's Party (CPP) and opposition Cambodia National Rescue Party (CNRP) is a step forward in reducing the risk of continued street protests, and diminishes the risk of Prime Minster Hun Sen tightening his grip on power amid declining popularity. We have upgraded our short-term political risk ratings, and may upgrade our long-term ratings in the event of evidence of electoral reform. With the opposition returning to parliament, the focus can now shift to implementing political reforms that should strengthen the country's democracy and long-term stability. On the economic front, despite the recent decline in tourism arrivals, we continue to see positive trends, including greater infrastructure development, that should stand the industry in good stead over the long term.
Laos will face multiple economic headwinds over the...
The Cambodia, Laos and Myanmar Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Cambodia, Laos and Myanmar and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..
An influential new analysis of Cambodia, Laos and Myanmar's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).
* Forecast the pace and stability of Cambodia, Laos and Myanmar's economic and industry growth through end-2017.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
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