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 17, 2013
Reposted from Korea IT Times
The government will also push ahead with a plan to establish a Myanmar Development Institute modeled after the Korea Development Institute to spearhead the nation’s economic development drive.
An industrial complex will be built in Myanmar exclusively for Korean companies. In addition, an agreement to guarantee investment in order to reduce risk for companies doing business there. The government held an external affairs ministerial meeting at Korea EximBank on June 13 and passed a proposal to establish a “Korea-Myanmar economic cooperation joint committee.”
Hyun Oh-seok, the Deputy Prime Minister for Economic Affairs and Minister of Strategy & Finance, will visit the Southeast Asian nation and meet on the 19th his counterpart, the Minister of National Planning and Economic Development, in Burmese capital Naypyidaw. More…
June 10, 2013
Participants take part in a session of the 22nd World Economic Forum on East Asia at the Myanmar International Convention Center in Naypyidaw on June 7, 2013.
Reposted from Al Arabiya
Myanmar’s investment suitors should be prepared to commit long term to the rapidly-opening nation, experts said, as foreign firms weigh the risks of doing business in the former pariah state.
Reforms in the impoverished Southeast Asian country have stirred intense interest from international business, but observers say the country must repel those chasing a quick buck if it is to avoid falling victim to its own hype.
Myanmar businessman Serge Pun said the country was trying to ensure that a first wave of investors would not be subject to extreme risk, but added those with a responsible long term view would “benefit.” More…
April 8, 2013
Reposted from South China Morning Post
Buildings go up in Yangon, where infrastructure is unable to keep up with breakneck development.
By Charlotte So
Deficiencies in infrastructure are holding back progress in realising the country’s huge potential, but they’re also golden opportunities
Myanmar’s backward infrastructure threatens to create a bottleneck, holding back the country’s rapid development. But for Hong Kong companies fresh from helping transform mainland China over the past 30 years, it adds up to opportunity.
The 320-kilometre bus ride from the commercial centre of Yangon to Naypyidaw, the new capital carved out of the jungle by the junta in the past decade, takes 6-1/2 hours. But traffic jams are not to blame for the slow pace. On the contrary, traffic is only seen occasionally on the main route between the old and new capitals. Rather, substandard construction techniques are to blame for the slow, sometimes bumpy ride. More…
October 4, 2012
Reposted from Bloomberg
By Daniel Ten Kate
In western Yangon, prices have inflated about 450 million kyat ($523,000) per acre
On a tree beside a crumbling road in Myanmar’s biggest industrial estate, Thein Oo hangs plastic sheets, part of the trash he collects and sells for recycling to support his wife and five children. More…
September 14, 2012
Reposted From Financial Times
By Jake Maxwell Watts
Serge Pun creates an air shuttle service between Yangon and Naypyidaw, the new capital.
Myanmar has undergone significant reforms in the last year, putting it firmly on the tourism and business agenda. But aside from economic and political changes, merely providing the means for foreigners to visit is a significant challenge, even as Myanmar begins to receive considerable international investment. More…
June 24, 2012
Reposted from Sovereign Individual
Shwedagon Pagoda, Yangon, Myanmar
By Jeff D. Opdyke
Dear Sovereign Investor,
There are no motorcycles in Yangon.
Not a one. Anywhere.
That makes this Asian city unique. Bangkok, Jakarta, Phnom Penh, Shanghai … even Myanmar’s capital of Nay Pyi Taw… are all overrun by motorbikes and scooters. The legend here is that a motorcycle hit an army general’s car five years ago, and in turn he immediately outlawed the two-wheelers in the city. More…
June 5, 2012
Reposted from The Straits Times
By Hans W. Vriens
WITH the United States and the European Union suspending sanctions against Myanmar, Western companies are rushing to invest in a country they were forced to leave half a century ago. Myanmar is South-east Asia’s final frontier. There is almost a stampede to be the first into this country of 60 million. But aspiring investors are in for a rough ride. Myanmar is the most challenging investment climate in Asia with the exception of North Korea. General Ne Win’s 1962 coup closed the borders, nationalised the economy and kicked several hundred thousand Indians out of the country, many of them entrepreneurs and shopkeepers. More…
May 14, 2012
Reposted from The China Post
By Kyoko Hasegawa
TOKYO — As Myanmar prepares for an economic resurgence following the end of decades of military rule, wide-eyed firms from all over Asia are competing for a piece of the potentially lucrative pie.
With largely untapped natural resources, including minerals, metals and fossil fuels, and a tourism sector left in ruins by sanctions, Myanmar sparkles with opportunity. More…
May 14, 2012
Originally posted by AFP
YANGON: Two of Asia’s biggest stock exchanges are fighting for dominance in the world’s hottest new frontier market as investors beat a path to Myanmar following the end of decades of military rule.
The operator of the Tokyo Stock Exchange announced last month a deal with Myanmar’s central bank to open a stock market in the country formerly known as Burma along with Japan’s Daiwa Securities, after years of discussions. More…