23 November 2015
The Business Times – Views from the Top
Is Myanmar now a safe haven for investors?
With historic Myanmar elections ushering a new era of democratic rule, will foreign investors become bullish on the country? Leon Perera, Chief Executive Officer of Spire Research and Consulting shared his insights in The Business Times – Views from the Top section on what Myanmar’s election results signify for investors.
The end of military rule after five decades marks a progressive step for Myanmar as a nation. Many foreign investors who had held back their investments due to the uncertainty prior to the election will now review their stance in light of the NLD’s victory at the polls.
Perera opined that firms should now move decisively. The new government is bound to go into overdrive to attract investors but the degree of incentives they offer may decline as Myanmar’s Foreign Direct Investment (FDI) stock increases.
Nonetheless, firms should space out investments to hedge against political risk. Moreover, such investment should be used to interact with the new government and offer advice to help them build an FDI-friendly environment.
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