July 29, 2013
Reposted from Forbes India
GE is looking for places like Myanmar, situated in a strategic saddle between India, China and Southeast Asia.
By Simon Montlake
In the midday haze outside the Thingaha Hotel in Naypyidaw, the new capital of Myanmar, the national flag droops alongside the Stars and Stripes and General Electric’s corporate logo. Inside the Grand Ballroom the staff scurries with last preparations for a meticulously planned gala dinner. Heading up this coming-out party is Stuart Dean, a blue-eyed, rawboned American and GE’s chief for Southeast Asia. More…
June 10, 2013
General Electric Co. Vice Chairman John Rice, pictured speaking on a panel at the World Economic Forum, says of rivals to U.S. companies in Myanmar, “They’ve been here longer and it’s up to us to catch up.”
Reposted from The Wall Street Journal
By Duncan Mavin
NAYPYITAW, Myanmar — U.S. companies are playing catch-up to their global rivals in Myanmar, where many of the Southeast Asian nation’s former ruling elite are on a U.S. government blacklist, according to John Rice, vice chairman of General Electric.
A rush of companies has poured into Myanmar in the past two years since the government began a process of political reform. Many countries have completely dropped sanctions against the Southeast Asian nation.
The U.S. has dropped some sanctions but it has held a relatively tough line. U.S. companies are effectively forbidden from doing business with anyone on the list of Specially Designated Nationals. Most of these people are former members of Myanmar’s ruling military junta or have close ties to them. More…
May 29, 2013
Reposted from Myanmar Times
By Tim MclaughLin
American conglomerate General Electric expects its business in Myanmar to double this year, a senior executive told The Myanmar Times last week.
Stuart Dean, the company’s chief executive officer for Southeast Asia, said GE earned US$50 million in 2012, its first year of operations in Myanmar, and he expects this to double this year.
“We see huge potential and are currently in discussions to deepen our local partnerships,” Mr Dean said on May 23. More…
March 18, 2013
Africa’s growing consumer class is attracting the attention of investors
Reposted from The Milwaukee Journal Sentinel
By Kathleen Gallagher
To find a large number of the world’s fastest-growing economies, investors must look past Asia and South America to a less likely place: Africa.
In the United States, when a consumer buys a new car, it’s often a replacement for an older car, said Robert J. Bukowski, managing director at Alpha Investment Consulting Group in Milwaukee.
“In Africa, they’re buying their first washing machine ever, and their first car, and installing their first bathroom. That’s truly real growth,” he said. More…
November 29, 2012
Reposted from The Wall Street Journal
By PATRICK BARTA
Chairman of Leopard Capital (Marc Faber) is seeking to raise $150 million for two Myanmar – focused funds.
YANGON, Myanmar—Private-equity firms are divided over whether Myanmar will be a source of huge profits, or just another place to endure losses. More…
September 22, 2012
Reposted from Energy Tribune
By Tim Daiss
World Bank recently announced that it will resume lending to Myanmar for the first time in nearly 25 years
Since President Obama’s easing of sanctions against the Southeast Asian country in July, American as well as foreign companies are flocking to Myanmar for business — all sectors are on the table including banking, insurance, pharmacy, manufacturing, services and energy. More…
September 12, 2012
Reposted from Aljazeera
By Michael Lwin
FDI had been flowing into Myanmar well before the Obama administration officially suspended sanctions in July
This July, the Obama administration finally acted on statements made by Hillary Clinton in May, issuing general licenses allowing for new investment in and the export and reexport of financial services to Myanmar. More…
July 19, 2012
Reposted from Benzinga.com
GE will become the first American company to resume business in Myanmar
By Nelson Ham
As mentioned on Benzinga on Wednesday, legendary investor Jim Rogers stated that he sees the troubled Asian nation of Myanmar, also known as Burma, as possibly the best investing opportunity in the world. More…
June 26, 2012
Reposted from The Phnom Penh Post
Sok Puthyvuth of Soma Group (l) signs an engineering and procurement agreement with Ankur Jain of Ankur Scientific Energy Technologies of India (r) as General Electric’s President for Asia Pacific Kenji Uenishi looks on yesterday
By Stuart Alan Becker
Cambodia’s Soma Group signed a $3 million power station deal yesterday with Indian company Ankur Scientific for a 1.5 megawatt rice-husk power plant in Kampong Cham.
A team from General Electric, headed by Kenji Uenishi, president of GE Energy Asia Pacific, was on hand at the Himawari Hotel as part of a power generation seminar to announce the project.
According to the agreement, Soma Group will be the power plant operator and Ankur Scientific, the largest biomass-to-energy solutions company in India, will supply and commission the power plant, including General Electric generators. More…
March 30, 2012
Reposted from Businessweek
National League for Democracy political T-shirt
By Daniel Ten Kate
Myanmar next week holds the most inclusive elections since the military rejected an opposition victory in 1990, as the potential for economic ties with western nations encourages the leadership to relax control.
By-elections for 43 of the national legislature’s 664 seats will be held April 1, filling posts vacated by lawmakers who joined President Thein Sein’s government. The main opposition group, led by dissident Aung San Suu Kyi, is contesting seats for the first time since the 1990 turmoil. More…