Deal-making excitement builds up in Myanmar

Singapore

A SCORCHING May day in Myanmar calls for beers and loosened neck ties. At newly opened Harry's Bar in Yangon, investors talk opportunities over draft lagers, jalapeno steak sliders and fries.

Several private equity types and company executives are gathered around Jasmine Thazin Aung, an energetic and bubbly Yangon-based executive director at PricewaterhouseCoopers LLP, who returned to her country from Singapore in 2012 to set up the firm's business advising on mergers and acquisitions. They're talking about what sectors are hot: infrastructure and consumer businesses.

"The projects keep coming,…