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Myanmar urges small firms to invest

Kyodo

Myanmar is eager to receive direct investment from small and medium-sized enterprises from Japan instead of just waiting for major corporations to invest, said the chief political adviser to Myanmar President Thein Sein.

“What we need is the quick doers who will make business (with) their very rapid decisions, and these are the SMEs,” Ko Ko Hlaing said recently in Yangon.

He said that while major corporations usually take time to conduct surveys and market analysis before entering a new market, SMEs can act quickly.

“So if we can persuade, if we can induce these people by explaining our real situation, and if they are interested in our country to invest, I think it will be more effective than persuading mega-corporations,” he said.

“It is very important for Myanmar to induce foreign direct investment because our country lived in a long time of isolation,” Ko Ko Hlaing added.