Myanmar lures Asian firms

One in four Asian enterprises plan to enter Myanmar this year, making Asia’s newest emerging market one of the top investment destinations in the region, according to a survey by United Overseas Bank.

Myanmar appears poised to become the beneficiary of an uptick in inbound investment and M&A activity as fears of the government backsliding on reform subside.

The latest inbound deal was Japanese trading house Mitsubishi Corp’s acquisition of a 30% stake in Capital Diamond Star, a major Myanmar conglomerate. They said in a statement this week that together they plan to invest $200 million in Myanmar’s food sector, tipped alongside automotive and shipping as a key area of interest for regional players. Some 33% of Hong Kong firms are keen to enter the market, according to the UOB survey, which cites the IMF and McKinsey.

Source: Finance Asia

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page “Actual Sample of Client Report”. Click here to go to page.

.

Do you know that IE Singapore is giving ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.

.