HONG KONG, Nov. 5, 2012 /PRNewswire/ -- KPMG in Thailand has expanded to Myanmar, becoming the first of the Big Four professional services organizations to have a presence in the country, which is widely seen to be the "next economic frontier" in Asia.
The recent easing of many international sanctions against Myanmar, also known as Burma, has sparked a great deal of interest from investors globally.
"With the easing of trade sanctions, Myanmar has the potential for tremendous growth, and many multinationals and other investors are already entering the market or exploring opportunities," said Michael Andrew, Chairman, KPMG International. "In addition to the in-depth local knowledge and capabilities of the new office, KPMG can support clients investing in Myanmar with extensive global resources, including specialized practices in areas such as Financial Services, Healthcare, Hospitality and Infrastructure. We look forward to contributing to Myanmar's economic resurgence and to helping clients succeed in what should be a rapidly expanding economy."
Tax and Advisory services will initially be offered in the Myanmar office, with plans for Audit services to follow. The Myanmar office will be able to draw on the full capabilities of KPMG in Thailand and its more than 1200 professionals, with additional support from KPMG firms in Japan and Singapore.
Kaisri Nuengsigkapian, CEO of KPMG in Thailand has led the initiative to extend operations to Myanmar and is enthusiastic about the potential. "Myanmar is the second largest country in Southeast Asia, and literally at the center of opportunity in the region. Investors are flocking to the country and are excited about the possibilities they are finding. KPMG in Thailand is proud of the leadership role we are taking to support them."
Read more about KPMG in Thailand's Myanmar office here: www.kpmg.com/myanmar
For further information, contact:
Communications, KPMG in Thailand
+66 (0)2 677 2169
Communications, KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
SOURCE KPMG International