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Anxious to Burma and declaring open for business to American companies last week but is it worth the risk -- then then how can you with an investor benefit.
Robert hardy of GS fat dot com founder and publisher.
Joins us now welcome TO thank you -- thank you listen telling after the break that the quality of life for Burmese people is certainly going to improve -- out because of this change in leadership.
So what do they need we've read about rolling blackouts -- a lot of issues with their infrastructure.
What needs to happen for the -- to continue let's doesn't -- -- improvement and for investors where those slots for first.
Need to see more foreign engagement and Burma right now for the last since 1990 when the US put sanctions on.
The Burmese have basically been exploited by China China in 1990 put on sanctions China gave -- a one point four billion dollar interest free loan.
To develop infrastructure in the northern part of Burma so they could extract resources mostly hardwood peaks and -- into China.
And that's been -- developed development brought process.
But the way we want to look at this is not towards American companies for investments but into companies in Asian countries.
You see the Association of Southeast Asian Nations Asian that block.
Made Burma a member in nineteen in the late 1990s when we have turned our back on them they are familiar with military dictatorship thing about this sort of thing works.
And they thought to be better for -- to be part of -- group to save them from China and learn from example.
So the companies that are gonna benefit other companies in Thailand like ITV which is the Italian Thai development company or PTT the Chinese big I'm deeply excuse me that -- energy company.
Which is right now doing a lot of of work in Burma.
And some big.
Equipment companies and Singapore companies and Malaysia.
Japan's -- to fund a huge development project in the south part of Burma.
That's where you look what about the US multinationals Caterpillar's PGE buildings because of the Burmese -- -- easier than saying Myanmar he's he learned to burnish his.
Certainly want the US red white and blue companies there to keep China off hedge.
It's difficult doing business here we have this thing called the foreign corrupt practices act.
About bribing foreign officials and things freight and in Asia they have a habit of giving presents -- -- have businesses and president's take different forms.
So it's better GE -- general our -- or Exxon those guys are gonna be doing fine cat tractors sure.
Still -- from Singapore make you more money that's another big -- I have -- -- equipment company.
Biggest though for all of these companies isn't -- alluded to this you know this is a country that is so rich and natural gas and other resources they have trouble keeping the power.
In the infrastructure is such a challenge you see them getting a leg up yes -- or is there someone maybe that profits from that transition well well.
With the way the leg up -- is like -- being -- they're building these enormous economic special economic zones the most important one as the one in the south on the don't think on the border with Thailand on the Indian Ocean called the -- we.
It'll be huge it's a sixty year project.
And by developing that and the area around that you're going to be developing infrastructure for the workers to get in and out.
And to get to the resource is that you're going to be moving out of their sports center.
So by starting the development by engaging so what's right for us to re engage -- Burma.
But the engaging will start the process of developing the infrastructure to get at the goodies and that won't help the people who have jobs to -- point.
-- -- -- Thank you so much -- party my pleasure thank you haven't wanted to know about Burma today.
Thanks again this rubies in the world to follow that sixty that is an important -- red box movie rental kiosks have been a hit record and start recovered.
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