Myanmar’s political opening has caught the world’s attention, and many countries are rushing to what has been called Asia’s last frontier market. Punishing sanctions by the European Union have been lifted, while Washington DC has suspended its measures. Seized by the economic potential of the country’s large market and rich resources, Western companies have responded […]
Serge Pun to give rivals a run for their money
August 22, 2013 by
YANGON — As founder of Myanmar’s only listed business and head of a commercial network spanning more than 30 companies, Serge Pun is more used to winning than losing. That habit is well-attested to by the swanky surrounds of the family-run Pun Hlaing Country Club—a 660-acre golf and residential retreat complete with hospital and shopping […]
Rich Myanmar people shun Yangon’s property boom to Invest in London
August 7, 2013 by
Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London. While foreign investors queue to get into Asia’s so-called “last economic frontier,” millions of dollars are flowing out and into bricks and mortar in the capital of the former colonial rulers, a survey has disclosed. The volume […]
