The US on Tuesday lifted partial sanctions against Myanmar as "reward" for reforms.
"The Treasury Department said that it would no longer bar financial transactions in the country formerly known as Burma if the money is going toward projects that "meet basic human needs" or promote democracy." Is building a hotel in Myanmar serving basic human needs?
However yet to come is basis financial services like credit card, which for now means US based companies like Visa, Mastercard etc. Mass consumerism and tourism heavily depends on credit cards and as long as Myanmar is denied the use of credit cards the economy is not likely to show much vibrancy.
Tuesday, April 17, 2012
Wednesday, April 11, 2012
Singapore Hot Stocks Benefit From Myanmar Fever
SGX listed companies Yoma Strategic Holdings and Interra Resources has quietly benefited from the Myanmar fever.
Both these companies has operations in Myanmar, Yoma in the real estate business and Interra in the oil and gas industry.
Since Dec 2011, both these two stocks has appreciated an impressive 500% to 800%.
Both these companies has operations in Myanmar, Yoma in the real estate business and Interra in the oil and gas industry.
Since Dec 2011, both these two stocks has appreciated an impressive 500% to 800%.
Investors eye resourceful Burma
Myanmar economic catchup marathon could morph into a sprint:
Quote:
In the universe of frontier markets, Burma stands out in four key aspects:
•Location: Burma happens to be wedged between three of the most important economic engines of the 21st Century - China, South Asia, and Southeast Asia. Burma is a land bridge connecting vast populations, and the region's economic dynamism will quickly wash over Burma's borders once its reforms take root.
•People: Burma's population of more than 50 million represents a substantial pool of literate, inexpensive and un-militant labour, who will later become consumers of all sorts of products and services they do not yet have. One million workers have been trained in Thailand's factories and farms, and are ready to return home once decent jobs are available. Look for thousands of garment, furniture and seafood processing factories to sprout up after sanctions are lifted.
•Land: Burma holds the largest landmass in mainland Southeast Asia, larger in size than France. The land is still half forested and features mountains, rivers, fertile deltas, and a coastline of 2,000 kilometres with deep sea ports. The country' deserted beaches and cultural treasures arguably outclass those in Thailand, which draws 18 million tourists a year versus Burma's few hundred thousand. Tourism will skyrocket once Burma becomes marketable.
•Resources: Burma is hugely endowed with natural resources, including oil & gas, minerals, gems, timber, agricultural, fisheries, wind, and renewable energy resources. This bountiful inheritance underwrites Burma's future economic prosperity under better governance and accountability.
Due to its long isolation, Burma faces an acute shortage of hotel rooms, service apartments, office space, and modern shopping malls.
A construction boom will commence once restrictions are eased on foreign ownership of property.
Investors will also converge on the compelling opportunities in core economic sectors such as banking, mobile telecoms, internet, electricity, building materials, and food processing.
If Burma is to modernise, it will need significant foreign investment in virtually every sector.
Unquote:
Leopard Capital - pioneer investors in frontier markets: Investors eye resourceful Burma
Quote:
In the universe of frontier markets, Burma stands out in four key aspects:
•Location: Burma happens to be wedged between three of the most important economic engines of the 21st Century - China, South Asia, and Southeast Asia. Burma is a land bridge connecting vast populations, and the region's economic dynamism will quickly wash over Burma's borders once its reforms take root.
•People: Burma's population of more than 50 million represents a substantial pool of literate, inexpensive and un-militant labour, who will later become consumers of all sorts of products and services they do not yet have. One million workers have been trained in Thailand's factories and farms, and are ready to return home once decent jobs are available. Look for thousands of garment, furniture and seafood processing factories to sprout up after sanctions are lifted.
•Land: Burma holds the largest landmass in mainland Southeast Asia, larger in size than France. The land is still half forested and features mountains, rivers, fertile deltas, and a coastline of 2,000 kilometres with deep sea ports. The country' deserted beaches and cultural treasures arguably outclass those in Thailand, which draws 18 million tourists a year versus Burma's few hundred thousand. Tourism will skyrocket once Burma becomes marketable.
•Resources: Burma is hugely endowed with natural resources, including oil & gas, minerals, gems, timber, agricultural, fisheries, wind, and renewable energy resources. This bountiful inheritance underwrites Burma's future economic prosperity under better governance and accountability.
Due to its long isolation, Burma faces an acute shortage of hotel rooms, service apartments, office space, and modern shopping malls.
A construction boom will commence once restrictions are eased on foreign ownership of property.
Investors will also converge on the compelling opportunities in core economic sectors such as banking, mobile telecoms, internet, electricity, building materials, and food processing.
If Burma is to modernise, it will need significant foreign investment in virtually every sector.
Unquote:
Leopard Capital - pioneer investors in frontier markets: Investors eye resourceful Burma
Monday, April 9, 2012
Myanmar leapfrog copper wire to go optic fibre for highspeed telecommunications.
Being late has it advantages. Myanmar has award a contract to International Telecommunication Holding Ltd (ITHL) to help build fiber cable network for the country.
Telecommunications is now being setup with optic fibre, microwave and satellite, each chosen to match the diverse geography of the country.
The Fiber-to-the-Home (FTTH) Service, one of the high standard communication technologies, was launched in Yangon and Mandalay in December 2010.
Myanmar could be saving lots of copper wire in the process of bringing modern high speed mobile phone and internet services to its people.
Telecommunications is now being setup with optic fibre, microwave and satellite, each chosen to match the diverse geography of the country.
The Fiber-to-the-Home (FTTH) Service, one of the high standard communication technologies, was launched in Yangon and Mandalay in December 2010.
Myanmar could be saving lots of copper wire in the process of bringing modern high speed mobile phone and internet services to its people.
Myanmar Impatient For The Lifting Of US Sanctions
Adviser to Myanmar President Thein Sein, Nay Zin Latt said "They should do more if they want to see us reaching the mission faster,"
Myanmar is impatient and seems frustrated at the dragging of feet by the US in lifting sanctions that has impoverish the people more than damaging the regime.
The US is expected to lift some sanctions like visas and financial services,which may lead the way for credit cards to be introduce to Myanmar faciliating the flow of tourism. Such is the power of US sanctions as the US hold the monopoly on credit card financial services.
Myanmar is impatient and seems frustrated at the dragging of feet by the US in lifting sanctions that has impoverish the people more than damaging the regime.
The US is expected to lift some sanctions like visas and financial services,which may lead the way for credit cards to be introduce to Myanmar faciliating the flow of tourism. Such is the power of US sanctions as the US hold the monopoly on credit card financial services.
Monday, April 2, 2012
Myanmar banks rise at kyat floats
Myanmar has officially floated the kyat at 818 kyat to the USD dollar.
The kyat has been operating on dual rate system in the past with the official rate at about 7 kyat to the US dollar and the black market rate at 800 to 820 kyat to the US dollar.
With the success of the Myanmar byelections and the floating to the Myanmar currency, the local Myanmar banks is poised to expect a float of foreign investors.
The kyat has been operating on dual rate system in the past with the official rate at about 7 kyat to the US dollar and the black market rate at 800 to 820 kyat to the US dollar.
With the success of the Myanmar byelections and the floating to the Myanmar currency, the local Myanmar banks is poised to expect a float of foreign investors.
Sunday, April 1, 2012
Suu Kyi’s Party Declares Victory in Myanmar By-elections
Aung San Suu Kyi's National League for Democracy (NLD) celebrate outside the NLD headquarters in Yangon on April 1, 2012 after winning the by-elections in Myanmar. Her party is said to have won 35 of the 45 contested seat.
Reaction from the international community is mixed, with some calling for the move forward to lift sanctions, while Clinton of the US call for an excercise of caution while expressing encouragement over the development.
Reaction from the international community is mixed, with some calling for the move forward to lift sanctions, while Clinton of the US call for an excercise of caution while expressing encouragement over the development.
Saturday, March 31, 2012
World Watch As Myanmar Goes To The By-elections Polls
Voting starts today in Myanmar in what many observers believe would be a true test of the ruling party resolved to political openess and econominc reforms.
Key figure to watch will be opposition leader Aung San Suu Kyi who is standing for a seat in parliament for the first time.
Key figure to watch will be opposition leader Aung San Suu Kyi who is standing for a seat in parliament for the first time.
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