09 Jan '12, 9pm

Asian firms in pole as Myanmar beckons: BANGKOK/TOKYO - As Myanmar emerges from a half…

BANGKOK/TOKYO - As Myanmar emerges from a half century of isolation, Asian companies with a high tolerance for risk are sizing up business opportunities in what was once one of Asia's wealthiest nations. Singapore-listed Yoma Strategic Holdings last week announced plans to develop a project known as Star City, near Yangon, that will include housing estates and shopping malls. It is just one of many Asian companies poised to move following three months of the most dramatic changes in the resource-rich country since the military took power in a 1962 coup in what was then Burma. While many Western multi-nationals remain cautious about the investment prospects of a country entangled in United States and European sanctions, Asian firms hope to fill the void. "Myanmar presents a relative low-risk, high-return proposition that is hard to ignore," said Mr Krishna Ramachandra, head...

Full article: http://www.todayonline.com/Business/EDC120110-0000059/Asi...

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