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Investing in Myanmar/Burma

  • 18-06-2013 5:50pm
    #1
    banbatoyota
    Registered Users, Registered Users 2 Posts: 45 ✭


    Has anyone looked at it? It's economy is opening up big time and while ethnic tensions are big issue, I can't see it going anywhere but to the moon over the next 2-3 decades (assuming no world war/natural disaster).

    Only problem is how to get exposure to it. Stock exchange due to be set up in 2015. Looking at companies who are hoping to get awarded licences to hit up some of its sectors.

    http://seekingalpha.com/article/1508442-making-money-on-myanmar


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,761 ✭✭✭✭Atlantic Dawn
    M


    Foreign telecoms companies that get contracts for the mobile network would be a good start.


  • #3
    banbatoyota
    Registered Users, Registered Users 2 Posts: 45 ✭banbatoyota


    Digicel will know if they got it on the 27th of this month. But they're not public :(


  • #4
    Marcus_Crassus
    Registered Users, Registered Users 2 Posts: 140 ✭✭Marcus_Crassus


    I was in Myanmar earlier this year and it's an amazing country with, I feel, many opportunities.

    Sim cards used to cost $5000 (yes, you read that right) and now they're only(!!) $250 or so. Although, they are set to get far cheaper very soon.

    I have no clue how one would capitalise on the opening of the country as I am not business minded in that way, although I met a myriad of businessmen and they all assured me that it's a gold mine.

    Huge risks though, I am sure. There is a monumental hatred for Muslims from every other ethnicity/creed in that country. I witnessed it, and EVERYONE voiced their opinion on them -- Hindu, Buddhists all hate them. It's a ticking timebomb in many ways and could go tits up.

    Beautiful country though and they could not be kinder to visitors. They're insanely poor but will go out of their way for you.


  • #5
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    banbatoyota wrote: »
    Digicel will know if they got it on the 27th of this month. But they're not public :(

    their debt is.


  • #6
    aidanki
    Registered Users, Registered Users 2 Posts: 1,283 ✭✭✭aidanki


    property on the main street of the capital


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  • #7
    stevedublin
    Registered Users, Registered Users 2 Posts: 980 ✭✭✭stevedublin


    aidanki wrote: »
    property on the main street of the capital

    Do they respect property rights?
    If there is a revolution would the new crowd respect ownership of property by foreigners?


  • #8
    Marcus_Crassus
    Registered Users, Registered Users 2 Posts: 140 ✭✭Marcus_Crassus


    aidanki wrote: »
    property on the main street of the capital

    The capital is Naypyidaw and it's a complete dive, only exceedingly rich government officials live there.

    Also, they're in the process of gentrifying Yangon by tearing down the beautiful colonial buildings. Pity.


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