“Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar’s first-ever investment bank with $1 million of his own money. This places him in sparse company. While many chatter about the economic potential of one of the world’s last frontier markets, very few foreigners have actually set up shop. The first thing Ali had to do was explain to people in Myanmar, including some of his new employees, what an investment bank is.”
http://news.yahoo.com/myanmar-gets-first-investment-bank-072002469.html
Related posts:
Could 2 platinum coins solve debt crisis?
North Carolina law prohibits police from destroying guns after buyback
Famed Trader Joe Lewis Backs Bitcoin With Swiss Fund
A new cheating scandal: Aspiring teachers hiring ringers
Leaked Snowden documents: NSA hacked Chinese telecom company
Drug Agents Use Vast Phone Trove, Eclipsing N.S.A.’s
5 Years and $7 Later, Homeland Security Returns Seized Hip-Hop Website
Lawmakers, aides may get Obamacare exemption
Church of England declares war on payday loans firm
U.S. gives seal of approval to Egypt’s new leaders
Obama’s surveillance revisions omit limits on warrantless email searches
SpaceX Launches Craft for Space Station Deliveries
Decline in immigrant entrepreneurship threatens U.S. competitiveness
AB InBev's Mega Bonds Just the Start of a Corporate-Debt Deluge
Big U.S. coal miner Alpha Natural files for bankruptcy