WORLD FOCUS

For investors in Myanmar, it's a slow road to riches

Plans delayed as NLD suspends projects to review those approved by previous regime

Growing a cable business takes patience. For LS-Gaon Cable Myanmar, a South Korean-owned firm incorporated in Myanmar in 2017, the plan was simple: it would start by producing and selling lower-cost, low-voltage cables used widely on the electricity poles scattered around the country.

When Yangon city grew more crowded and construction expanded beyond and underground - requiring the use of medium-or high-voltage cables - the firm would start making these more sophisticated products.

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A version of this article appeared in the print edition of The Straits Times on January 14, 2020, with the headline 'For investors in Myanmar, it's a slow road to riches'. Subscribe