Myanmar’s Security Market Looks to Rise above Challenges

The past few years have been a bit of a political and economic roller coaster for Myanmar. This has both boosted and hindered the domestic security market.

On the one hand, awareness of security is up, with conflict on the border increasing the need for security. Yet at the same time it has also put more pressure on foreign firms to invest responsibly. On an economic level, Myanmar’s growth is expected to slow to 6.2 percent in the 2018/2019 fiscal year, down from 6.8 percent in 2017/2018, according to findings from the World Bank. While the World Bank reports that the country has maintained relatively strong growth momentum by global and regional standards, it also notes that macroeconomic volatility has intensified.

Companies in this report:

  • AZ Engineering
  • Billion Bright Group
  • BOH
  • Ever Glory
  • K & K World Engineering
  • Naung Yoe
  • Private Security Services
  • Association (PSSA)
  • Royal Golden Dragon

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