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Business opportunity
or pitfalls?
By the new SPDC policy, anyone who paid taxes to Burmese embassy
has an opportunity to import anything to Burma. If it is not too
good, there still has an option to put hard earned dollars to
Myanmar Foreign Trade Bank (MFTB) where one can open US$ account
in Burma with his disposable dollars - dollar earnings after
taxes. Since import business is not for everyone, those import
ready dollar will be sold to actual importers. By doing that, the
legal dollar will become one kind of commodity in the daily market
and price will also be fluctuated depending by amount of supplies
and demands. So someone who earns money abroad providing
applicable taxes to Burmese embassy have a room to make their hard
earned dollars growth. In other word, has a chance to doing
business with home country. At least those dollars could give
better returns by selling in the market rather than transferring
via underground brokers. Sounds good? Wait…
Generally, easing
import rules make help increase supply in the market and prices
will be moved down. Consequently number of new jobs will be
created in the economy as more business transactions got done in
the market. The dollars inflows from Burmese foreign workers will
ease the dollar price in Burma over some period of time. The new
policy is a good move to economy and also yields benefits to
consumers if they are properly handled. So far so good, huh!
Regardless of how
good the policy is, to make successes the policy is solely
depended on manager who run the business. Here we go! As we all
know, the manager is nobody but the SPDC Generals that have pretty
bad track records ever since. They are a group of handful military
Generals and its associates who killed their own people and make
hundred of thousands to be homeless in the border and also being
refugees. They are one who denied 1990 election results and jail
thousand of innocent people. They are one who attempted to murder
National leader Daw Aung San Suu Kyi and her party members in
Depaeyin at 2003. Their moves are pretty doubtful to say serving
for country. Every move has hidden tricks behind.
Thank to sky
rocketed oil prices and soaring China Yuan value, Generals are in
deep economics trouble. Allowing general public to handle US$
account inside country clearly indicates shortage dollar and so
attracting dollar inflows. Easing import policy does indicate
uncontrollable soaring prices in the market. It looks real serious
in the country that it is hard to survive even Generals own
companies.
So the outlook is
clear, they just try to cushion their falling businesses with
others hard earned dollars. There is no doubt, all the rights
allowed to general public will be freeze back right after getting
what they wanted. Number of business men used to suffer as
regulating strictly most of the businesses related to US$ in 1995
and as well holding back some business permits from public. Those
businesses later assigned solely to then Minister’s daughter. That
the way it is, not new..
There’s not going
to be surprised if it happens again after a few months. This time
the outcome will be a tragedy because most of the heart broken
would go to ones who work hard in foreign country as seeing their
tightly saving vaporized overnight. Try not to fall victim. Think
carefully before making any decision, watch out. Everybody has
rights to make its own decisions but in this case, the one we’re
going to dealing with is nobody but SPDC Generals. Do research
carefully; look at the changing policy, judge whether it is real
opportunity or pit fall for your hard earned dollar. It’s wise to
prevent losing nest egg instead of exposing it to high risk
opportunity. Well, brothers and sisters, you …..Decide.
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