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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?
Burmese people paint on a yellow paste that comes from a tree called Thanakha. It is used as a insect repellant, sunblock and make up. Usually only women and children wear Thanakha. ... More

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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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