Ernst & Young (E&Y) has expanded its presence to Myanmar.

KPMG was the first Big Four firm to establish representation in Myanmar last October, followed by Deloitte and now E&Y.

E&Y said it will provide tax, transaction and other business advisory services to mainly clients looking to invest in Myanmar.

E&Y’s Singapore practice will act as a central hub to assist with client enquiries on investing and operating in the market, with Singapore managing partner Max Loh, overseeing the operations in Mynmar.

Lou Pagnutti, E&Y’s Asia-Pacific managing partner said the firm is seeing growing interest in Myanmar from Asian and international investors since the easing of trade sanctions in the country.

"Years of under-investment in the country means that it now presents tremendous potential for growth and investment. We’re very excited to establish a formal presence in this new market – it is important that we continue to be close to where our clients are and want to be – and we are confident about creating value for them as we help them navigate the opportunities and risks in this relatively uncharted territory."

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By GlobalData