31 Dec '11, 5am

Myanmar, Cambodia emerge as high-growth investment destinations - Channel NewsAsia: via @AddThis

SINGAPORE: By some measure, Myanmar had a spectacular 2011. Endorsed as chair of Asean for 2014, and a high profile visit from the US secretary of state - reward for recent political reforms that have elevated confidence in an economy barely emerging from years in the dark. Andrew Rickards, CEO of Yoma Strategic, said: "The country that is perhaps being held back in development, that is perhaps being held back for the last 40 or 50 years, suddenly tries to reintegrate with the world economy. "There's an awful lot of catching up to do, challenges from basic infrastructure mobile telephones internet access to hotel rooms and getting flights... You could imagine that the whole place is creaking a little bit at the seams as it is suddenly being put on people's radar for the first time." Singapore-listed Yoma Strategic is deeply entrenched in Myanmar, with 95 per cent of its re...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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