BET­TING ON YAN­GON

Southeast Asia Globe - - Agenda / Business In Brief -

The amount of US in­vest­ment in Myan­mar could dou­ble to $500m in the next three years, ac­cord­ing to Aung Naing Oom, a se­nior in­vest­ment of­fi­cial for the Min­istry of Na­tional Plan­ning and Eco­nomic De­vel­op­ment. Naing Oom at­trib­uted the pos­i­tive out­look to Myan­mar’s ef­forts to build bi­lat­eral ties with the US. Fu­ture in­vest­ment is likely to come from Amer­i­can in­sur­ance firms and po­ten­tial booms in oil, in­for­ma­tion tech­nol­ogy and gems.

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