Mar 27, 2014

Business partnerships will help growth in Myanmar in 2015, says KPMG

Business partnerships through M&A, joint ventures or strategic alliances will be a driver for business expansion in Myanmar going forward into 2015, said KPMG Myanmar managing partner Yasuhide Fujii.

Fujii said: ‘Opportunities in Myanmar are increasing for businesses, but so is competition. Looking forward, some local firms may feel the pinch as international companies move in on their turf.

‘We’re starting to see cases where it would make more business sense for local and international firms to work together and complement each other, instead of competing, in order to become sustainable in the long term. Local and international firms in Myanmar each have their distinct strengths. We could see some positive partnerships down the road.’

Source: The Lawyer