Winema Gaven Bowman Offshore Bank Transfers on Emerging markets

Bowman Offshore Bank Transfers on Emerging markets
So in my last post I made two bold
predictions on the economy in the
coming century, that emerging
markets in Asia and Africa will be
the driving force of many of the
changes we see in the world.
East Timor
Is a war torn nation that no one
knows much about, or has even
heard of. The currency of choice
here is single American dollars. The
country is extremely poor and lacks
almost any infrastructure of any
kind. Will any entrepreneurs step
up and make a difference in this
country? Where there are problems,
there is opportunity.
Sri Lanka
I have a friend who recently raised 30 million from the largest telecom in the country
after being in the country for just 3 months. They now have the ENTIRE e-commerce
marketplace to themselves. They are quite literally; they are the only company doing e-
commerce at scale in the entire country. After a few weeks of operation, they eclipsed
101 employees today. Their headliner is a daily deals site / group-on clone: anything.lk
Burma
I’ll report back from Myanmar next week, as I’ll be jumping on a plane to head there
shortly. For those who are interested in visiting, the visa situation is a pain! I decided to
go last minute to attend a conference, and although I qualify for a “visa on arrival” the
process is anything but clear. You need a letter from a Burmese business with address
IN Myanmar (as well as permission from a ministry). Full details are available at this
site. It is much, much easier to arrange a visa in advance at a local embassy.
Indonesia
From what I’ve seen so far from Indonesia, I enjoy this country. However, corruption at
the lowest levels, as dealing with police (or the local banjar) can be burdensome for
entrepreneurs. As for most places around the world, it’s best to enjoy your time here,
follow the rules and don’t make too much noise. Although it is one of the largest
emerging markets, if you are going to start a business here, you better have a great
understanding of the culture, a well-connected local partner and deep pockets. I’ve