Myanmar open for business? http://www.globalpost.com/taxonomy/term/22183/all en Big news for Myanmar, but still not the biggest http://www.globalpost.com/dispatches/globalpost-blogs/chatter/myanmar-investment-sanctions-eased The US has eased a ban on investments in Myanmar. It does sound big. And it is. For the first time in decades, American companies will now be able to invest in a broad range of sectors in Myanmar, according to US Secretary of State Hillary Clinton's announcment today. Here's what it means. <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/chatter/myanmar-investment-sanctions-eased" target="_blank">read more</a></p> Myanmar open for business? Asia-Pacific Emerging Markets Chatter United States Thu, 17 May 2012 21:01:00 +0000 Emily Lodish 5704639 at http://www.globalpost.com Myanmar's big investment buzz http://www.globalpost.com/globalpost-blogs/southeast-asia/myanmar-investment-sanctions <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> With sanctions fizzling, will gold rush kick into high gear? </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Patrick Winn </div> </div> </div> <!--paging_filter--><p>As predicted, the US has joined the European Union in&nbsp;<a href="http://www.globalpost.com/dispatches/globalpost-blogs/chatter/myanmar-investment-sanctions-eased">suspending a large portion of American sanctions</a> against Myanmar.</p> <p>At last, American investors are now urged by none other than US Secretary of State Hillary Clinton to&nbsp;<a href="http://www.youtube.com/watch?v=-kql8muQrhk&amp;feature=player_embedded">&quot;invest in Burma and do it responsibly.&quot;</a></p> <p>So who&#39;ll be first out of the gate?</p> <p>According to Reuters, <a href="http://www.reuters.com/article/2012/05/18/usa-myanmar-idUSL4E8GI89L20120518">General Electric and Caterpillar</a>&nbsp;have set up shop in Myanmar. Ford is exploring options as well. Others are sure to follow.</p> <p>The White House is hedging somewhat by &quot;suspending&quot; instead of &quot;lifting&quot; sanctions outright. Ostensibly, if Myanmar&#39;s reform movement suddenly skidded off the tracks, the US could revert its stance. But once these corporations expand their foothold in Myanmar (formerly Burma), it will be difficult to stop them from continuing to tend to their investments.</p> <p><a href="http://www.globalpost.com/globalpost-blogs/southeast-asia/myanmar-investment-sanctions" target="_blank">read more</a></p> Myanmar open for business? Asia-Pacific Emerging Markets On Southeast Asia Sun, 20 May 2012 23:10:00 +0000 Patrick Winn 5704938 at http://www.globalpost.com Myanmar: State of emergency declared in western province http://www.globalpost.com/dispatch/news/regions/asia-pacific/120610/myanmar-state-emergency-declared-western-province Thein Sein said, "If we put racial and religious issues at the forefront, if we put the never-ending hatred, desire for revenge and anarchic actions at the forefront, and if we continue to retaliate and terrorize and kill each other, there's a danger that (the troubles) could multiply and move beyond Rakhine."<p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/120610/myanmar-state-emergency-declared-western-province" target="_blank">read more</a></p> Myanmar open for business? Asia-Pacific Sun, 10 Jun 2012 19:23:00 +0000 Priyanka Boghani 5707398 at http://www.globalpost.com In Myanmar, clunkers make room for Chinese mini-cars http://www.globalpost.com/dispatches/globalpost-blogs/southeast-asia/myanmar-economy-china-cars <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Now that Myanmar has changed its outdated commerce laws, Chery cars from China are appearing all over Yangon. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Patrick Winn </div> </div> </div> <!--paging_filter--><p>YANGON, Myanmar &mdash; As Myanmar continues to remake itself anew, the country&rsquo;s perplexing&nbsp;and outmoded laws of commerce are beginning to become more sensible. Among the more confounding laws govern car sales.&nbsp;</p> <p>The old system ignored intense demand and allowed the import of only a few thousand vehicles per year. This manipulated the market so badly that Toyotas produced when Whitesnake was still cool sold for nearly $30,000.</p> <p>As I wrote in a series titled <a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/111110/burma-myanmar-censorship-aung-san-suu-kyi-sanctions">&ldquo;Burma Rebooted&rdquo;</a> last year, &ldquo;traffic in&nbsp;Rangoon [Yangon] is like a procession of zombies on wheels, all resurrected&nbsp;from an auto graveyard.&rdquo;</p> <p><strong>More from GlobalPost: <a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/111110/burma-myanmar-china-natural-resources-sanctions">The changing face of Myanmar </a></strong></p> <p>Those laws are still complex but beginning to come around. The&nbsp;government is now selling import licenses to vehicle owners that turn&nbsp;over their junkers for smelting and the market is slowly becoming&nbsp;normalized.</p> <p>A notable breakout new car on Myanmar&rsquo;s streets is China&rsquo;s Chery QQ3,&nbsp;a little Tic Tac of a car that resembles a downmarket Mini. In fact,&nbsp;<a href="http://www.cheryinternational.com/news/36.html">Chery&rsquo;s own website </a>claims that Myanmar&rsquo;s government has &ldquo;positioned&nbsp;QQ3 as a &lsquo;national&nbsp;car.&rsquo;&rdquo;</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/southeast-asia/myanmar-economy-china-cars" target="_blank">read more</a></p> Myanmar open for business? Travel/Tourism Asia-Pacific Emerging Markets China On Southeast Asia Mon, 18 Jun 2012 15:54:25 +0000 Patrick Winn 5708247 at http://www.globalpost.com Myanmar: How American products slip through sanctions http://www.globalpost.com/dispatches/globalpost-blogs/southeast-asia/myanmar-burma-sanctions-coca-cola%20 <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Citizens of Myanmar may now enjoy Coca Cola legally, but foreign manufacturers have skirted sanctions for years. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Patrick Winn </div> </div> </div> <!--paging_filter--><p>YANGON, Myanmar &mdash; Great fanfare accompanied Coca Cola&rsquo;s recent announcement that, after six long decades, the beverage behemoth would return to Myanmar, Southeast Asia&rsquo;s pariah on the mend.</p> <p><strong>More from GlobalPost: <a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/120614/coca-cola-return-myanmar-sanctions">Coca Cola to do business in Myanmar</a></strong></p> <p>In announcing the decision to enter the country, formerly titled Burma, Coke&rsquo;s CEO didn&rsquo;t squander the opportunity for drama. Coca Cola, he said in a <a href="http://www.thecoca-colacompany.com/dynamic/press_center/2012/06/community-economic-investments-in-myanmar.html">press release</a>, would refresh Myanmar just as it did Germany after the Berlin Wall fell and Vietnam after it resumed ties with America.</p> <p>You might assume that, because the US has long forbid American businesses from doing business with Myanmar, its citizens have lived in a world devoid of Coca Cola. Not quite.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/southeast-asia/myanmar-burma-sanctions-coca-cola%20" target="_blank">read more</a></p> Companies Myanmar open for business? Asia-Pacific Emerging Markets United States Thailand On Southeast Asia Wed, 20 Jun 2012 10:19:00 +0000 Patrick Winn 5708453 at http://www.globalpost.com Yangon’s property bonanza http://www.globalpost.com/dispatch/news/regions/asia-pacific/120625/yangon-myanmar-property-real-estate-economy <p>YANGON, Myanmar &mdash; Hoping to set up shop in Yangon? Bring duffel bags full of cash. You might assume that property in Myanmar, one of Asia&rsquo;s most impoverished and dysfunctional nations, would rent for a pittance. But as the long-shuttered pariah zooms toward political and economic reform, it is swarmed by foreign investors speculating that Myanmar&rsquo;s big boom is nigh. There are now too few hotels and office buildings in the crumbling commercial capital, Yangon, to cope with the influx of moneyed outsiders. It doesn&rsquo;t take an economics whiz to guess what happens to property markets with a glut of interest and a paucity of supply.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/120625/yangon-myanmar-property-real-estate-economy" target="_blank">read more</a></p> Myanmar open for business? Asia-Pacific Emerging Markets Culture & Lifestyle Wed, 27 Jun 2012 10:00:00 +0000 Patrick Winn 5709351 at http://www.globalpost.com Myanmar is open for business, but investors wait http://www.globalpost.com/dispatch/news/business/120717/myanmar-open-business-investors-wait President Obama has finally authorized American companies to invest in Myanmar. For the first time in 15 years, companies like General Electric and Chevron that have been aching to tap the energy-rich nation's resources will be able to do just that. But the process isn't going to be as easy as all that.<p><a href="http://www.globalpost.com/dispatch/news/business/120717/myanmar-open-business-investors-wait" target="_blank">read more</a></p> Myanmar open for business? Business Emerging Markets Myanmar Tue, 17 Jul 2012 20:57:00 +0000 Matma Badkar, Business Insider 5712223 at http://www.globalpost.com In Myanmar, a mini-pogrom by the sea http://www.globalpost.com/dispatch/news/regions/asia-pacific/myanmar/120803/burma-rohingya-muslim-violence <p><span style="line-height: 20px; ">BANGKOK &mdash;&nbsp;The accounts circulating around Myanmar&rsquo;s troubled west coast recall the beginnings of massacres in Bosnia or Rwanda: hacked limbs, pamphlets stoking mob violence, old women passing out iron spikes to vigilantes and whole city wards burned to the ground.</span></p> <p><a href="http://www.globalpost.com/dispatch/news/regions/asia-pacific/myanmar/120803/burma-rohingya-muslim-violence" target="_blank">read more</a></p> Myanmar open for business? Bangladesh Conflict Zones Diplomacy Myanmar Political Risk Tue, 07 Aug 2012 10:15:22 +0000 Patrick Winn 5714852 at http://www.globalpost.com Myanmar: the next cash cow? (INFOGRAPHIC) http://www.globalpost.com/dispatch/news/regions/asia-pacific/myanmar/120827/myanmar-the-next-cash-cow <p>With the former junta state open to economic reform, companies around the globe are eyeing a piece of the pie.</p> Myanmar open for business? Emerging Markets Myanmar Tue, 28 Aug 2012 10:00:00 +0000 Kyle Kim 5717329 at http://www.globalpost.com