Myanmar's Mr Clean says he takes 'red tape road' to profit


  • World
  • Thursday, 28 Apr 2016

Serge Pun, head of First Myanmar Investment (FMI), talks to reporters at Yangon Stock Exchange (YSX) in Yangon, Myanmar March 25, 2016. REUTERS/Soe Zeya Tun

YANGON (Reuters) - Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the centre of a half billion dollar property development in central Yangon, hasn't seen much action since the project was announced four years ago.

Serge Pun, the 63-year-old project developer and one of Myanmar's richest men, says his Landmark development - which includes office, residential and hotel space - has been strangled by red tape and costly delays all because of his adherence to clean business.

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