Financial Times – Tiger Balm returns to its Myanmar Roots

By Jeremy Grant| 10 Jan 2013

Click here for full article

… About 300 wholesalers, pharmacists and chemists turned up at each party – far more than Haw Par had expected. And they arrived driving luxury cars such as Mercedes and Lexuses. “That was when we knew we were right,” Mr Han says. “These are the people who wake up commerce. Either they have their own trading organisations or they have their own trading links with, say, Thailand. They have wealth and they flaunt it.”

Romain Caillaud, managing director, Myanmar, for Singapore-based consul­tancy Vriens Partners, says: “People have to go beyond this idea that the it’s only the military that are rich. There is also a private sector that is somewhat independent from the military.”