Challenges for foreign investors in Myanmar

Description: 

"Almost three years after the new regime known as ?the democratically elected government? took power in Naypyidaw, there have been many foreign investors looking into the once-isolated country for their foreign direct investment opportunities. The IMF recently even predicted that the new emerging country would be an Asian frontier or an Asian Tiger if the reform process keeps going on the right track. However, many investors have hesitated to do business in the country. Actually, there are a lot of investment opportunities inside the country such as telecommunications, agriculture, various natural resources, mineral, and fisheries etc. Naypyidaw has earnestly welcomed those investments. For instance, last month Myanmar?s foreign minister said at the Asia Society in New York, referring to American investors, ?I wish to take this opportunity to invite more U.S. business firms and investors to get up and join the gold rush to Myanmar.? However, Naypyidaw expresses at the same time its frustration when holding receptions for hundreds of potential foreign investors: ?investors come talk with us, and then turn away.? So a question is: why have those investors turned away? Why are they still waiting?..."

Creator/author: 

Aung Tun

Source/publisher: 

"New Mandala"

Date of Publication: 

2013-10-18

Date of entry: 

2014-07-15

Grouping: 

  • Websites/Multiple Documents

Category: 

Language: 

English

Format: 

Size: