Myanmar’s New Struggle: Keeping Foreign Investors Happy
- Business executives, officials say economic plan needs clarity
- Government says ambitious reform plan is being rolled out
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A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce.
The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s biggest city, Yangon. With the World Bank forecasting growth of about 7 percent per year through 2019, there’s reason for guarded optimism in the next several years.