Final Frontier: Firms Flock to Newly Opened Myanmar
Monday, November 12, 2012
YANGON, Myanmar—For Tim Love, a vice chairman of advertising giant Omnicom Group, it was an opportunity too good to pass up: an entire country, off the map for most Western investors for decades, embracing foreign investment in a place with untapped energy resources and 60 million people.
Here was Myanmar, also known as Burma, with the wagons “going full speed,” says Mr. Love, and clients clamoring to get a foothold.
But doing business here is something of a challenge. As a former military state, Myanmar has minimal infrastructure for conducting international business.