Myanmar: Time to Invest
This article is the first in a 3-part series called 'Myanmar: Time to Invest or Investigate'
Click here to read Part II - Time to Investigate I
Click here to read Part III - Time to Investigate II
WHY YOU CAN AND SHOULD MOVE INTO MYANMAR NOW?
1. Leverage on the uncertainty surrounding new foreign investment law
2. First mover opportunity
3. Organizational investments will continue to increase
Since the introduction of the new Foreign Investment Law (FIL) 2012, critical discussion regarding the legislative framework ambiguity has never ceased; emphasizing on the lack of clarity in the foreign investment regulations. Many has the perception that the FIL as a set of rules cast in stone and restricted activities to foreigners will continue to be constrained permanently.
Emerging Myanmar; What's In For Businesses? [FREE FAQ Guidebook Download]
Before 2012, this country is certainly not a mainstream market for investment for many companies out there. However its political transformation from the military junta to one of civilian rule started with President U Thein Sein which dates back as far as in 2010, has somewhat spark the movement from global businesses to leverage on the opportunity to establish their business presence in Myanmar. Moreover following the recent landslide victory of the National League for Democracy (NLD), there have been a lot of anticipation and hype over this promising land for businesses.
While investors are pulling out funds parked in China and other large emerging economies, Myanmar, on the contrary is seemingly still an attractive market. Many investors are looking to get in this last Asian frontier market early, to establish their global footprint and leverage on the "First Mover Advantage". Indeed, with Myanmar's proximity to China, India and the rest of South-east Asia and it being a major supplier of natural resources, this country is unquestionably the next hunting ground for new investors.
Why Singapore is still the best place to do business?
Singapore has defended its title for the 10th year running as the easiest country to do business, while emerging markets China and India moved up the ranks, according to the World Bank (WB).
So what exactly allowed Singapore to retain its spot? WB's Doing Business 2016 has cited Singapore's prompt judicial process as one of the reason. This means resolving a commercial dispute via Singapore's District Court takes just 150 days – the shortest time recorded worldwide, in addition it only costs 25.8% of the total value claim. Efficient dispute resolution paired with specialised courts, effective case management and sophisticated court automation tools also contributed to the high scores.