Weekly Overview This week the incumbent Parliament Speaker Shwe Mann met with incoming party chairwoman Aung San Suu Kyi to discuss 'national reconciliation', and on the same day the Defence minister came to meet Shwe Mann. No public statements have yet been issued but it is expected these talks will lay the foundation to plan the delicate process of transferring power.
At the ASEAN Summit, leaders congratulated President Thein Sein on the election and Thein Sein promised a peaceful transfer of power to the NLD. Obama briefly met with Thein Sein on the sidelines of the summit to confirm these plans.
In business, Microsoft announced it would enter Myanmar through a deal with Shwe Taung Group, one of the largest local conglomerates Chaired by Aik Htun. The value of the deal is undisclosed. Meanwhile, the Central Bank has announced a plan to rein in inflation by reducing excess liquidity in the economy. To this end it has begun vocal support of non-cash payments methods, including mobile payments and card payments through the local switch, Myanmar Payment Union (MPU).
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Politics A court in Myanmar has declined to drop a charge against a young woman accused of poking fun at Myanmar's army chief on Facebook, highlighting the challenges faced by the former dictatorship as it grapples with a social media explosion and other newfound freedoms of expression. Read more
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Business & Investment Microsoft has stepped into the minefield of business in post-military era Myanmar by striking a deal with a conglomerate whose founder has long battled claims of involvement in the drugs business. Read more
USD 500Mn increase in Myanmar border trade Trade at Myanmar's border posts as of mid-November showed a 14% rise over last year despite a fall in trade at some locations due to armed conflict or natural disaster, according to the Commerce Ministry statistics. |
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| - GDP - USD 59.4Bn
- GDP Growth - 8.5%
- Population - 51.41Mn
- Inflation - 8.39%
- Bank Deposit - 8%
- Bank Lending - 13%
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Nov-25 | 1,300.00 | Nov-24 | 1,300.00 | Nov-23 | 1,299.00 | Nov-20 | 1,297.00 | Nov-19 | 1,294.00 | Wk Change % | +0.463% |
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The Ronoc Myanmar Investors News Letter informs current and prospective Myanmar-related investment professionals on the recent business news highlights from Yangon, adding in-depth, contextualised analysis from the ground.
In addition to this News Letter, we also offer cutting edge Consulting and Advisory Services including bespoke Research Reports covering areas from industry specific, political, economic and investment analysis. Feel free to contact us to further discuss these opportunities. Sincerely, Oliver Belfitt-Nash |
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Ronoc is an investment and advisory firm established in 2007. We specialise in emerging markets, retail banking and have offices in New York, London, Dublin, Yangon and Ulaanbaatar. Through our extensive experience of working and investing in the emerging markets, we have developed strong local networks and tailored strategies for operating in challenging political and economic settings. Read More |
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