Following the global spread of capitalism in the early 1990s and an increasing impact of globalization, novel kinds of prosperity religions have emerged in Southeast Asia, including Burma/Myanmar. In the latter, it has entailed a gradual transformation of the religious field, with new movements, material infrastructure, rituals and imaginary. After the collapse of the socialist planned economy of General Ne Win’s government, SLORC-SPDC, another military government, seized power in 1988, which implemented modernization programs and a limited market economic system. In interplay with increasing globalization and the gradual development of a capitalist system in the 1990s, a number of “Buddhist” prosperity cults have emerged in Burma/Myanmar and have mushroomed quite recently, especially since 2011, at which time a semi-democratic government replaced the military dictatorship and has implemented a further liberalization of the economy. This paper will demonstrate that a variety of changes in the field of religion in Burma have occurred in interplay with the aforementioned social, economic and political transformations, and will especially focus on a novel kind of possession rituals, in which devotees engage to become successful in business and the like. Moreover, this paper will argue that such phenomena –prosperity religion/Buddhism –can be more conservative than what has otherwise been assumed.