This article is the second in a 3-part series called 'Myanmar: Time to Invest or Investigate'
Click here to read Part I - Time to Invest
Click here to read Part III - Time to Investigate II

OUR VIEWPOINT ON CLIENTS’ DRAWBACKS HINDERING THEM FROM STEPPING FOOT IN MYANMAR
 
While there are opportunities in Myanmar for foreign investors, Myanmar is not without its own weaknesses that we have to acknowledge. In a way, it would be good if investors hold realistic expectations about the pace of the economic reforms.
 
1. Lack of access to information.
 
Our view: Finding reliable and trustworthy data within Myanmar is undeniably a real challenge for all investors. Many investors are hesitant because of this major point.
 
A wise choice out is to get inside the country and you will know you are entitled to a different view. Access to information improves, eliminating all hearsays and empowers the decisions you will be making.  

Singapore’s financial calendar begins every 1 April and concludes on the 31 March the following year, during which the government is to adhere to the Singapore Budget that is prepared for each financial year. The Budget includes the revised Government revenue and expenditures for the current financial year, as well as reviewing current spending and expenditure projections for the next financial year.
 
Did You Know?

It is stated under the Constitution that Singapore is required to keep a balance budget over each term of the Government. This island state, unlike many other countries, does not borrow money to fund government expenditure, and the Government does not have any external debt. This practise of fiscal discipline ensures that government funds are utilised wisely towards Singapore’s development across all sectors.