Burma?s Ethnic Violence ?Poses Threat to Foreign Investment?

Description: 

"Continued religious and ethnic violence in Burma could deter much-needed investment by fostering a ?wait and see” attitude among foreign companies and entrepreneurs, according to a study of the recent spate of anti-Muslim rioting and arson in the country. ?Failure to prevent the spread of sectarian violence could dampen the influx of critical foreign investment,” the briefing on Burma by British business risk consultants Maplecroft said. The report identifies the booming tourism industry as the most vulnerable, with the negative impact quickly spreading to the retail and infrastructure sectors. ?[Burma] has attracted significant interest from investors since the US and EU pared back sanctions in 2012. However, stakeholders remain cautious about making significant investments in the country, preferring to wait and see how the reform process moves forward,” said Maplecroft?s principal Asia analyst Arvind Ramakrishnan..."

Creator/author: 

William Boot|

Source/publisher: 

"The Irrawaddy"

Date of Publication: 

2013-04-11

Date of entry: 

2013-04-11

Grouping: 

  • Individual Documents

Category: 

Language: 

English

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