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Ki-moon said last week, Burmais giving “a strong sense of hope and expectation for the international community.”The unleashing of Burma’s economy could boost regional growth and intra-ASEAN trade and investment. As it is, Burma’s GDP growth rate is projected to average around 6 per cent per year until 2020, with GDP doubling to $124 billion by 2020, according to IHS Global Insight forecasts.The domesti


the pace of Burma’s economic growth could be even faster if driven by more rapid economic reforms. A key risk to this more rapid growth would be rising inflationary pressures, as rapid growth and investment creates supply bottlenecks and wage pressures. Inflation is already estimated to have averaged around 9 percent in 2011, and is forecast to average around 10 percent in 2012.Burma, like other ASEA


be the planned implementation of a unified exchange rate from April 1, as Burma moves to a managed float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Othe


of a unified exchange rate from April 1, as Burma moves to a managed float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Other key features include foreigner


float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Other key features include foreigners having the right to lease land; foreigners no longer needing a loca


techniques, as well as the impact of market liberalization measures.Tourism flows, meanwhile, have already picked up, while business-related foreign visits have increased sharply due to heightened investor interest.Burma remains heavily dependent on imported manufactures from China, yet economic reforms, rapid growth in domestic demand and increased foreign investment could result in the rapid growth o


increased sharply due to heightened investor interest.Burma remains heavily dependent on imported manufactures from China, yet economic reforms, rapid growth in domestic demand and increased foreign investment could result in the rapid growth of the low-value added manufacturing sector, helped by relatively low wage costs.Transition towards a more market-driven economy will itself create challenges, a