Bagon, Myanmar
Scarcely a week goes by without a visit to Myanmar (Burma, as was) by western politicians and businessmen. Billionaire George Soros popped over at the start of the year. Microsoft founder Bill Gates is going over any week now.
Everyone talks of the importance of philanthropy. Myanmar’s new president Thein Sein refers to peace, stability and economic development. More…
Yangon, Myanmar
To see a pariah state, isolated for half a century, transforming into a putative investment icon in a matter of months is nothing short of miraculous. But that’s how a growing number of frontier investors now see Myanmar, the former Burma, once described back in the 1940s as the richest country east of Suez. More…
Yangon, Myanmar
Burmese President Thein Sein and his administration began and ended last week with bold moves that have significant implications for the domestic and international business communities. At the start of the week, the administration once again flexed its newly developed regional muscles by announcing that it was cancelling the 4,000 megawatt coal-fired power plant that Italian-Thai Development Pcl (ITD), Thailand’s biggest construction company, had planned to build in Burma’s Dawei Special Economic Zone (SEZ). More…
