Myanmar's New Struggle: Keeping Foreign Investors Happy [Bloomberg Business News]
Morgan Stanley (MS)
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Source: Bloomberg Business News
A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s biggest city, Yangon. With the World Bank forecasting growth of about 7 percent per year through 2019, there’s reason for guarded optimism in the next several years. A KFC restaurant in Yangon. Photographer: Brent Lewin/Bloomberg Yet some of the initial euphoria over the long-term outlook for one of the world’s last frontier markets is waning. Foreign investment and exports have cooled and the currency has slumped, straining the government’s finances. A growing chorus of investors, policy makers and executives worry that the coalition government led by Aung San Suu Kyi--a former political prisoner and N
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- 4/16/24 - Beat
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- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- MS's page on the SEC website