Channel NewsAsia – “US sanctions renewal on Myanmar may deter foreign investors.”
BY MAY WONG | 20 MAY 2014
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The United States’ decision to extend economic sanctions on Myanmar may make businesses considering investing in the country nervous…
Industry observers said the sanctions renewal do not bode well for a country aggressively wooing foreign investors, and may spook some investors.
Romain Caillaud, managing director of Vriens & Partners, said: “In a number of sectors like oil and gas, American companies will continue to move forward. But in others, for example, manufacturing, maybe some companies will delay their investment into the country for some months or years.