GE Lands First Deal as US Firms Descend on Myanmar

(Reuters) - General Electric Co secured a medical equipment deal with two hospitals in Myanmar on Saturday, becoming the first U.S.

General Electric Co secured a medical equipment deal with two hospitals in Myanmar on Saturday, becoming the first U.S. company to restart business in the long-isolated country since Washington eased sanctions ...

Bombardier Inc. said Thursday it had firmed up an order for 10 of new Cseries aircraft from Latvian-based airBaltic. The order, valued at $764-million based on list price, carries options on the purchase of 10 more CSeries, which, if exercised, could increase the value of the order to $1.57-billion. airBaltic had signed a letter of intent for the larger version of the aircraft, the CS300, in July at the Farnborough Air Show, and will add to its Bombardier fleet of Q400 turboprops.

YANGON (Reuters) - European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the EU, its foreign policy chief Catherine Ashton said on Saturday. The European Union and other powers have moved in recent weeks to ease sanctions on Myanmar, as the once pariah nation embarks on landmark reforms and seeks engagement with the world. ...

HONG KONG (Reuters) - The world's top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation's political past. Prudential Plc , AIA Group Ltd and Manulife Financial Corp are among the global insurance giants preparing to enter Myanmar as the government rolls out a framework for the sector's development with the lifting of European and U.S. sanctions. The opportunities are many. A large population, economic reforms and a natural resources industry could combine to create rising wealth among Myanmar's people. ...

The 451 Group: Inorganic Growth submits: By Ben Kolada