Professional services group PricewaterhouseCoopers opened a Myanmar office Tuesday, becoming the second of the Big Four global accountancy firms to set up shop in the long-isolated country since it launched democratic and economic reforms last year. The opening follows a similar move by rival KPMG last week in Yangon, the country’s main commercial center, and comes as Western companies seek investment opportunities in the Southeast Asian nation.
This timing seems perfectly natural since KPMG would have to get a jumpstart on their personnel before PwC could really size up their needs. Ernst & Young and Deloitte are probably close behind.
PricewaterhouseCoopers Opens Shop in Myanmar [SEART/WSJ]