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talking about is Myanmar (or Burma, as most people still seem to call it).I caught up with Alex over the holidays because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun

up with Alex over the holidays because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma sinc

because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma since '91. (And yes, Alex is th

half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma since '91. (And yes, Alex is the great-great- grandson of Ferdinand de Lesseps, the French developer of the Suez Canal, who also oversaw the early constructio

Penh, Cambodia. My friend Doug Clayton of Leopard Capital arranged the dinner. (We'll hear from Doug in a bit.) I was in the middle of a swing through Thailand, Cambodia and Vietnam. When I asked investors in these places what the next big story to emerge from Southeast Asia would be, the answer was always the same: Burma.Burma is beginning, at last, to thaw. The grip of the military junta is loosening

mainstream attention nearly every week. Why is Burma important?In short, it has everything the world craves - in size. The Wall Street Journal reported: "Myanmar's potential is too great for some investors to ignore. One of the last, large frontier markets in Asia, it is rich in oil, gas, timber and gems and has the potential to be a major rice and seafood exporter." Estimates of natural gas reserves

work has begun on a network of pipelines and highways and railways - all with Burma as the bridge to the two potentially biggest markets on earth, China and India."There will be opportunities to invest," Alex told me. Indeed, he's already seeing investors line up. In the next several months, new funds will launch. The Tokyo Stock Exchange announced it would help Myanmar develop its stock market. Man

and railways - all with Burma as the bridge to the two potentially biggest markets on earth, China and India."There will be opportunities to invest," Alex told me. Indeed, he's already seeing investors line up. In the next several months, new funds will launch. The Tokyo Stock Exchange announced it would help Myanmar develop its stock market. Many companies are already trying to elbow their way i

inroads. Unilever sells soap and soup. Caterpillar, too, has a business there. And a few are still there as exceptions to the sanctions, such as the French oil giant Total.Overwhelmingly, the foreign investment has focused on oil and gas, mining and power. And Burma's biggest investor has been China. (One Chinese businessman quoted in Thant's book says, "I hope the sanctions last forever." And why not? I

And a few are still there as exceptions to the sanctions, such as the French oil giant Total.Overwhelmingly, the foreign investment has focused on oil and gas, mining and power. And Burma's biggest investor has been China. (One Chinese businessman quoted in Thant's book says, "I hope the sanctions last forever." And why not? It keeps out the competition.) There is plenty of opportunity in basic thing

There is plenty of opportunity in basic things like cement and automobiles and hotels.And it's all just beginning. We'll keep an eye on Burma as opportunities open up. It's an exciting time to be an investor as the world turns right side up.Regards,Chris Mayer for The Daily Reckoning AustraliaChris Mayer is the editor of US-based newsletters Capital & Crisis and Mayer's Special Situations.This articl