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Abstract
Bank of America Merrill Lynch (BoAML) has warned of over-enthusiasm and great uncertainty in the opening up of Myanmar. In a Myanmar research report published today, the bank's Global Research Head of Emerging Asia Economics, and report author, Chua Kah Bin said Myanmar's potential was significant. But cautioned political reforms were still at an early stage. Myanmar sits at the crossroads of some of the largest and fastest growing Asian economies. The 62 million population base is relatively young. The Myanmar government is now being assailed from all sides with foreign interest groups requesting tax codes, employment and trade liberalisation. A realistic, well-researched and patient approach to investment in the country was vital. There remains a great deal of uncertainty as to foreign investors' ability to deploy capital, as well as their ability to put investments to work in a way that has sufficient scale and a level of predictably.