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TLG Capital bets on Myanmar cruise company

According to Reuters, small cap-focused TLG is currently conducting due diligence with a view to starting running cruises on the upper Irrawaddy River in 2013. It is expected to invest several million dollars.
Naidah Yazdani, general manager of Fluviale du Mekong, said Myanmar still needs to prove it is open to foreign capital, though. "They have to show a commitment to attract more foreign direct investment," he said. "As soon as that happens, there'll be investment from all over the world."
News of TLG's interest comes after sanctions against Myanmar were eased by the US earlier this month and the European Union over the last few months in the wake of the nation's first democratic by-elections since Aung San Suu Kyi was refused the right to govern Myanmar (then Burma) in 1990.