With U.S. sanctions suspended, it is open season for investment. Myanmar is already teeming with potential investors eyeing its resources and consumers. Undeterred by weak legal and financial infrastructure, their cash could fuel inflation, corruption and inequality.
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General Electric and Chevron are looking to invest in Myanmar, according to the Wall Street Journal. General Electric is already pushing to get a license to operate in Myanmar by the end of 2012, and is in talks with the Myanmar gov... Read Post
European Union governments will move to suspend most sanctions against Myanmar at a meeting to take place in Luxembourg on Monday. Reuters reports that a preliminary deal on the issue was agreed by EU envoys late on Wednesday night,... Read Post
The hottest emerging economy for resources is Myanmar. It's been a previously ultra-closed society that's now starting to open up. As Myanmar opens up its economy and western countries lift their sanctions on the country, companies ... Read Post