Korean firms are hoping that political stability and a reform-oriented new government will help open Myanmar up to international investment, although the National League for Democracy faces challenges said a senior official for the ASEAN-Korea Centre.
The government will make cash payments and low-interest loans to traders after the Mingalar Market fire. But those that only rented properties are not eligible, and are struggling to restart their businesses.
The advent of new government is likely to provide a short-term boost to GDP, but long-term inclusive economic growth will be more difficult, said government officials and economists at a conference this week.
A wave of shop owners urgently looking for new locations after being forced out of the fire-struck Mingalar Market are struggling with inflated rents.