New Market Research Report: Cambodia, Laos and Myanmar Business Forecast Report Q3 2014
New Country Reports market report from Business Monitor International: "Cambodia, Laos and Myanmar Business Forecast Report Q3 2014"
[ClickPress, Thu Jul 03 2014] The Myanmar economy expanded by 7.5% in FY2013/14 according to an ADB estimate, topping our above consensus forecast of 7.1% for the year. Strong performances were seen in the extractive industries as a result of soaring natural gas exports, as well as in services. Tourism was the best performing area in the services sector, as Myanmar received approximately 2.0mn foreign visitors in 2013 versus just 1.0mn in 2012, marking a 100% increase. While we believe that outperformance in the tourism sector is likely to continue over the medium term, we note that a renewed push in terms of economic and political reforms on behalf of the government will be necessary in order to bulk up the country's lagging infrastructure. While we remain sanguine on Myanmar's economic prospects, the government's recent census once again underscores the substantial political risks facing the country's development. Meanwhile, 2015's elections loom ever larger in the midst of a push to reform the constitution.
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Cambodia's political scene has taken a turn for the worse over recent months. The crackdown by the government on protesting garment workers poses a risk to the sector's otherwise positive medium term outlook. Meanwhile, it also raises the stakes in the ongoing impasse between the ruling Cambodia People's Party (CPP) and the opposition Cambodia National Rescue Party (CNRP), with the opposition CNRP becoming increasingly emboldened by their growing support base, and Hun Sen's CPP facing a tough task in maintaining the country's stable business environment. On the economic front, while the tourism industry continues to show promise, the construction sector is likely to suffer over the coming quarters as the nation's credit boom winds down. The current lending boom is resembling that which came to a rapid end amid the global financial crisis, and we believe that the country's hot real estate sector could be in for a rude awakening.
Despite the fact that Laos scores very highly in our...
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.
* Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.
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