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Many Myanmar people who are living in Singapore or PRs recognise the opportunity in their home country. Funds are slowly flowing back to invest in business and properties. Some even think of giving up the citizenships once politics stabilise there, but that will take time. Once, the situation do stabilise there, i think many Myanmar citizens or those converted to Sg citizens may look for job/business opportunies there. Many are stucked here doing mundane engineering or service jobs. Just like china 10 yrs back, those China people who worked here, and who returned to China had seized the opportunity. Here is a good holding area for a place to make some money and learn, as the MNCs are generous, even the many stat boards, focus on tranining.
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(18-11-2013, 12:41 PM)countonme Wrote: Many Myanmar people who are living in Singapore or PRs recognise the opportunity in their home country. Funds are slowly flowing back to invest in business and properties. Some even think of giving up the citizenships once politics stabilise there, but that will take time. Once, the situation do stabilise there, i think many Myanmar citizens or those converted to Sg citizens may look for job/business opportunies there. Many are stucked here doing mundane engineering or service jobs. Just like china 10 yrs back, those China people who worked here, and who returned to China had seized the opportunity. Here is a good holding area for a place to make some money and learn, as the MNCs are generous, even the many stat boards, focus on tranining.
the first signs of opening is the kyat. reversing downtrend and gain against SGD. probably from remittance.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(18-11-2013, 12:29 PM)opmi Wrote: (18-11-2013, 10:27 AM)CityFarmer Wrote: IMO, the best places to invest, at any time, are those within your circles of competency.
Myanmar's prospect is good, but might not for those aren't prepared, both for individuals and companies. Vietnam's prospect was good years ago. Those have invested were stuck, and only seeing the light recently.
Investment is about property rights, which is protected by rule of law.
No rule of law no invest.
BUT 富贵险中求。 <<< not value investing principles..h.hahhah.
Protection by the rule of law is important. It is equally important, if not more, is the protection by alignment of common interest, especially in the regions of Myanmar and/or China, IMO.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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18-11-2013, 03:14 PM
(This post was last modified: 18-11-2013, 03:15 PM by sgd.)
now myanmmar opening up the whole world is whoring after her treasures everybody short on memory that just a few years ago how brutal the junta was. many burmese will not forget in a hurry how iron hand their government, I forsee if opportunity ever arises they will grab the chance to leave - mistrust is too deep.
My own uncle born malaysian followed many who took the return ship to "motherland china" then lived thru the hardship of cultural revolution but since china opened up they grab opportunity to run my cousin back then first went to study overseas and work after that then job opportunity arose during dot com era went to US now he's a US citizen bring everybody over and now they don't want to leave except maybe go back for vacations.
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(18-11-2013, 03:14 PM)sgd Wrote: now myanmmar opening up the whole world is whoring after her treasures everybody short on memory that just a few years ago how brutal the junta was. many burmese will not forget in a hurry how iron hand their government, I forsee if opportunity ever arises they will grab the chance to leave - mistrust is too deep.
My own uncle born malaysian followed many who took the return ship to "motherland china" then lived thru the hardship of cultural revolution but since china opened up they grab opportunity to run my cousin back then first went to study overseas and work after that then job opportunity arose during dot com era went to US now he's a US citizen bring everybody over and now they don't want to leave except maybe go back for vacations.
The mistrust is real, and deep indeed.
It also highlighted the value of Aung San Suu Kyi to Myanmar, both to its people, the military junta, and investors as well.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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the best place to invest is in areas that you know really well
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The best investment is to invest in yourself
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(18-11-2013, 12:31 PM)Jared Seah Wrote: One well regarded money manager here says it best:
Invest in yourself first
Knowing how to fish can be better than asking which fishing pond got the most fish?
Nice. I would love to invest my time in myself, my attention in how the Market works and my money in a type of call option called 'cash'.
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Want to buy property in piigs country? buy then try to rent out if cannot just wait for property asset prices to appreciate then sell couldn't be easier right? You need to see this.
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Before thinking to invest in Myanmar, it is best to just visit the country to take a look see. Maybe even speak to the locals. I visited Myanmar on a regular basis, just years back, as part of my previous job's requirement. Personally, I would be very very careful looking to put any money in there. Many foreign companies go into JVs as that is the only way to gain an entry into the booming economy. But buyer beware too... Most of the JVs are with government linked enterprises, which use their JV partners as "feeders" for technology transfer. Once the business is proven profitable, the enterprises generally will take over the entire business. A fine example would be Myanmar Brewery? If you dig further back, Air Mandalay as well. That debacle left the Singaporean entrepreneur filing for bankruptcy.
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