How to Invest in Myanmar

Doing Well by Doing Right

A man unties timber in front of Myanmar International Terminals Thilawa, January 6, 2013.
A man unties timber in front of Myanmar International Terminals Thilawa, January 6, 2013. (Minzayar / Courtesy Reuters)

For a nation that was frozen in place for half a century by a repressive military junta, it is ironic that the government of Myanmar (also called Burma) is charging that change is not happening fast enough. But that was the scene in November, when government officials seized a multibillion-dollar industrial project in the southern port town of Dawei for its owners’ failure to attract foreign investors in a timely fashion. To restart the project, which had previously been run by a Thai company, Myanmar appealed to government officials and private investors in Japan. The first to bite was the Mitsubishi Corporation, which agreed to build a large, coal-fired plant to generate electricity and kick-start operations.

In the middle of the Dawei drama, a local human rights group, known as the Dawei Development Association, warned Japanese investors that they risked becoming complicit in harming half a million minority residents in the area. The group charged that Myanmar’s government had forced thousands of poor farmers off their land “without fair or equal compensation” or “access to adequate housing or livelihoods after being displaced.” 

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