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European investors’ confidence in Burma has tumbled, survey shows

41 9 11

THE number of European businesses losing confidence in Burma (Myanmar) has increased, a recent survey revealed, amid their concerns over how the current democratically-elected government manages the economy compared to the previous junta administration.

A recent survey from the European Chamber of Commerce in Myanmar (EuroCham) a majority of firms, 81 percent, unhappy with the country’s business environment, compared with 76pc in 2017 and 67pc in 2016, according to the Myanmar Times.

The firms that believed the business environment has worsened over the last 12 months increased by near half (45 percent), a jump from 30 percent in 2017 and 18 percent in 2016.


© Asian Correspondent