Key View

• Focusing on voice and per-second billing has been key to MyTel’s success in Myanmar.
• Viettel’s strategy of deploying extensive high-capacity fibre to support growth in data traffic will continue seeing success in emerging markets.

Recent operator results highlight the effectiveness of MyTel’s disruptive strategy on the Burmese mobile

Key View

• Myanmar's construction industry growth will remain robust over coming years as the government seeks to address significant infrastructure deficits and foreign investment flows into the transport and real estate sectors.
• We have moderated our growth expectations for 2017, 2018 and 2019 on the back of new data released from the World

Key View

• Myanmar's international reputation will continue to decline, following the publication of a UN report detailing human rights violations by the military in Rakhine, Kachin, and Shan states.
• The UN report, accompanied by an investigation by the International Criminal Court, is likely to trigger further targeted sanctions on Myanmar's

Key View:

• Myanmar's energy sector will benefit from PTT's overseas expansion strategy, as the state-owned looks to diversify away from the mature and saturated Thailand market.
• PTT's focus will be on natural gas, demand for which is expected to expand at a robust rate in Myanmar, alongside shifting government power policy.
• PTT investment will

Key View: The economic liberalisation of Myanmar has led to an uptick in foreign investment in the country's beverage industry, with Yoma Strategic Holdings announcing its joint venture with Pernod Ricard to produce and sell whiskies in Myanmar. Alcohol consumption in Myanmar is expected to pick up, albeit from a low base, due to rising disposable