With the easing of longstanding U.S. economic sanctions against Burma, major American companies are quickly starting to invest in the Southeast Asian nation.Competing soft drink giants Coca-Cola and Pepsi-Co. are returning to Burma for the first time in many years.
Meanwhile, both MasterCard and Visa have reached deals with Burmese banks for use of their internationally-known credit cards. The ConocoPhillips and Chevron energy companies have been looking for investment opportunities as well.U.S. President Barack Obama in July eased restrictions on American investment in Burma after Burmese President Thein Sein moved away from strict military control and embraced initial democratic reforms.Obama made a short trip to Burma Monday, the first serving U.S. president to visit the country. He praised Burmas move toward democracy, while calling for more changes, which he said would lead to more U.S. economic investment.