Isn't Jim Rogers a vendorscum?
Interedasting. What it was in 1972 and what it is now is largely irrelevant. They shoot Rohingyas, they are the methamphetamine production capital of the world and they aren't shy about Heroin either. The times they are a changing though. Hence opportunity.
Has to be said, they are opening the place up - bit fnck there's going to be a lot of corruption. The infrastructure is sh!te - but that simply adds to the opportunity.
It's next door to Thailand & parts of it are said to be pristine. In Thailand, everything that was pristine now has go-go bars, McDonalds & Starbucks.
The govt in Myanmar have already said that they will build a tourist industry that is not based around hookers, it'll just be based around slave labour.
I'd say a multi-pronged approach would work...
1 - Invest in non-Myanmar companies that are getting infrastructure contracts there
2 - Invest in the tourist industry there - of course a lot of that will be MNCs, so maybe the land is where it's at - but you can't own that
3 - Invest in a broad fund
4 - Invest in govt borrowing
I'd avoid individual Burmese companies. You now have me interested in looking for Myanmar based funds.... I really should throw some money this way because the place is going to explode. Especially the tourism sector - it'll be like Thailand 30 yrs ago.
BTW - are they still moving the capital city elsewhere?
