I do not think I have ever seen a country making so much progress in so little time. I mean back then in 2010 when the first civilian government took over from the Military Junta the international press was decrying the process as being undemocratic and shameful and the hopes that real changes could occur in this country were at their lowest. They were all wrong.
A new political climate
Since it took over the new government had freed hundreds of political prisoners among which Aung San Suu Kyi, allowed her to participate to the upcoming elections and there is even talk that in case of success she could be called to participate to the Government.
Incredible Economical Progresses
But the most progresses have been accomplished in the economical sector. A new foreign investment is on the burner that will improve the options available to foreign investors, the Kiat (local currency) is about to become fully convertible and a few hours ago the government announced that a new banking law would be prepared that will allow foreign banks to come back and invest in Myanmar.
In the face of so many progresses many analyst (myself included) believe that it is just a matter of time before the Western economic sanctions are eased or dropped entirely in recognition of all what has been accomplished so far.
An Investor Dream Come True
On an investor point of view Myanmar is a dream come true, with huge natural resources and a developing consumer classes in needs of everything. It remained me a few years ago when I was in Myanmar and wanted to drink a soda. While pepsi and coca cola had exited the country long ago at the time it was frequent to see bottles of local soda drinks with caps from pepsi cola or coca cola because the economy was in such drastic state that soda bottling factory were recycling and re-using bottle caps. This anecdote to tell you that this country is in need of everything and that as always the investors that will be there first will be the one ripping the benefits.
Why not you? Contact us for more information or a free consultation on investing in Myanmar
Originally posted 2012-03-23 08:56:40. Republished by Blog Post Promoter