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FINAL FRONTIER: FIRMS FLOCK TO NEWLY OPENED MYANMAR

FINAL FRONTIER: FIRMS FLOCK TO NEWLY OPENED MYANMAR
Source: Wall Street Journal - (22/09/2010)

Topics: Waste Management

YANGON, Myanmar—For Tim Love, a vice chairman of advertising giant Omnicom Group, OMC -1.41% it was an opportunity too good to pass up: an entire country, off the map for most Western investors for decades, embracing foreign investment in a place with untapped energy resources and 60 million people. Here was Myanmar, also known as Burma, with the wagons "going full speed," says Mr. Love, and clients clamoring to get a foothold. But doing business here is something of a challenge. As a...


Did You Know?
Major credit cards are not always accepted in Myanmar, so it’s always better to carry some cash. ... More

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In Race to Develop Myanmar, Government Grabs Farmland for Factories
In Race to Develop Myanmar, Government Grabs Farmland for Factories

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Foreign investment in Myanmar reaches 42.9 billion US dollars in 2013's first half - Invest Myanmar.biz video
Foreign investment in Myanmar reaches 42.9 billion US dollars in 2013's first half

COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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