Foreign investment flows to Myanmar have tailed off since a mini-boom just before the military junta stood aside, as cooler relations with China, a tricky business environment and persistent sanctions drag on this new commercial frontier.
While overseas commercial interest is more consistent and diverse than before the March 2011 transition, a plunge in Chinese investment has not yet been fully matched by the emergence of Singapore as a gateway to a state at Asia’s strategic crossroads.
On the eve of Sunday’s historic general election, the country’s business story is partly one of tempered ambitions — but also of dealmaking that does not necessarily show up in official figures.
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