Wednesday, February 1, 2012

Gold rush to Myanmar as country opens up

traits Times: Wed, Feb 01
BANGKOK: The region's latest gold rush is on, and all the roads, it appears, are leading to Myanmar.

As the government opens up the previously tightly-controlled economy and accelerates reforms, and as some Western-imposed sanctions get lifted, businessmen from the United States, Germany and Japan, among others, have been flocking to the country in search of the next big thing.

For weeks now, business hotels in Yangon have been running at full occupancy, while real estate prices have shot up and so have rentals, the result of the influx of foreigners. Investors are scouting for opportunities in a country with much untapped potential across the board, from mining and energy to tourism and telecommunications...

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Team Marshe
Martin Koh/ Sherry Tang
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