custom-made to attract the labor-intensive manufacturing that jump-started income growth from South Korea to Malaysia. Natural resources, such as timber and minerals, could woo billions in foreign investment. And its strategic position nestled between China and India could turn Burma into a prime location for tapping into the megagrowth of those two Asian giants.Translating that promise into real dollar
Suu Kyi Makes Her Parliamentary Debut)In recent months, though, a nascent democratic awakening has raised hopes among Asia’s business community that Burma could finally become the attractive place to invest it has always promised to be. The long-suffering pro-democracy opposition was permitted to contest parliamentary by-elections in April. Nobel Peace Prize laureate Aung San Suu Kyi, who was release
had been imposed on the country.The political reform has opened the door to achieving a real economic revival. Now that Burma has come in from the cold, it can start in earnest to woo the foreign investment it so badly needs. There is a window of opportunity here. China has been the 400-kg gorilla of Asia for years, sucking up vast sums of investment, especially in the low-end manufacturing that coul
the cold, it can start in earnest to woo the foreign investment it so badly needs. There is a window of opportunity here. China has been the 400-kg gorilla of Asia for years, sucking up vast sums of investment, especially in the low-end manufacturing that could create much needed jobs in Burma. But as costs rise rapidly in the Middle Kingdom, businesses are looking for new, cheaper destinations for thei
story on Burma: “In economic terms, the country is aspiring just to become a Bangladesh.” Burma lacks the infrastructure, sound regulatory environment and trained workforce to attract foreign investment in large sums. Burma “has very strong potential, but before realizing that potential, it has to tackle challenges to its development,” says Asian Development Bank (ADB) economist Cyn-Young Park.
There has already been some progress, however. In April, the government reformed its currency system, allowing for a single, market-determined exchange rate, which will help stabilize the climate for investment. But that’s just a start. The government has to marshal funds for investment in new roads and other infrastructure so manufacturers could get their products to markets around the world. More money i
its currency system, allowing for a single, market-determined exchange rate, which will help stabilize the climate for investment. But that’s just a start. The government has to marshal funds for investment in new roads and other infrastructure so manufacturers could get their products to markets around the world. More money is needed to beef up the nation’s schools to upgrade the quality of th
other infrastructure so manufacturers could get their products to markets around the world. More money is needed to beef up the nation’s schools to upgrade the quality of the workforce. Burma “has to invest in its future,” says Park. Achieving that will entail reform of the government itself, so that it can raise revenues and spend them more efficiently.(MORE: As Rangoon Races Forward, a Push to Preserv
market economy. After being cut off in its own alternate economic universe for decades, the country simply lacks the clear rules and regulations foreign companies require to safely and confidently invest. My colleague Emily Rauhala found that out in April, when she attended a seminar for investors held in Hong Kong by the Burmese government. The room was packed with businesspeople, who peppered th
country simply lacks the clear rules and regulations foreign companies require to safely and confidently invest. My colleague Emily Rauhala found that out in April, when she attended a seminar for investors held in Hong Kong by the Burmese government. The room was packed with businesspeople, who peppered the government representatives with questions. Can foreigners own property? Will state companies pla
6,000 languages in the world. rory2012 5pts Burma is on the spotlight because the West wants you be there for the time being due to the Chinese factor. Once come to the returns of their investment consideration,you are long way off their target so your poverty will continue.You name will be drawn to attention again whenever the Chinese card played by the West again. omegafrontier 5pts O
Investing in Myanmar: Triplicating success | The Economist
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Environment Tech TV Video Dating Offers Jobs Professional Guardian Sustainable Business Blog Hubs Events Awards Jobs Become a member Directory About us A to Z Burma: first steps for investment of western capitalFor the social impacts of international investment in Burma to be positive, companies need to align their interventions with international norms Share Tweet this Email
Sustainable Business Blog Hubs Events Awards Jobs Become a member Directory About us A to Z Burma: first steps for investment of western capitalFor the social impacts of international investment in Burma to be positive, companies need to align their interventions with international norms Share Tweet this Email John Morrison Guardian Professional, Tuesday 31 July 2012 15.47 BS
to international norms. Burma is also a country where the human rights case for any business should be self-evident. If early conclusions about whether the social impacts of international investment are to be positive, then the work of business, civil society, governments and trade unions needs to start now.Burma's president Thein Sein and opposition leader Aung San Suu Kyi have both called fo
are to be positive, then the work of business, civil society, governments and trade unions needs to start now.Burma's president Thein Sein and opposition leader Aung San Suu Kyi have both called for investment into Burma. They recognise that business needs to be sustainable in both social and environmental terms. These are encouraging commitments. Now they need to be translated into tangible actions. Fo
Burma. They recognise that business needs to be sustainable in both social and environmental terms. These are encouraging commitments. Now they need to be translated into tangible actions. For this investment to be responsible, it must deliver value both for investors and the people of Burma, operate with respect for the rule of law and be accountable for its actions and impacts.A key measure of socia
in both social and environmental terms. These are encouraging commitments. Now they need to be translated into tangible actions. For this investment to be responsible, it must deliver value both for investors and the people of Burma, operate with respect for the rule of law and be accountable for its actions and impacts.A key measure of social sustainability in Burma will be the alignment of investmen
for investors and the people of Burma, operate with respect for the rule of law and be accountable for its actions and impacts.A key measure of social sustainability in Burma will be the alignment of investment with international standards, such as those of the United Nations, International Labour Organisation as well as multi-stakeholder approaches such as the Extractive Industries Transparency Initiativ
Industries Transparency Initiative (EITI). The United Nations Guiding Principles on Business and Human Rights, endorsed unanimously by the UN Human Rights Council in June 2011, are crucial to getting investment in Burma right. Both the European Union and the United States have made direct reference to the Guiding Principles when announcing their respective easing of sanctions. The US government has include
to the Guiding Principles when announcing their respective easing of sanctions. The US government has included the Guiding Principles as part of its new reporting requirements for US businesses investing in Burma. Moreover, the UN framework is a key part of the updated OECD Guidelines on Multinational Enterprises and other initiatives such as the ISO 26,000 social responsibility standard adopted las
– how much disclosure and reporting of social impacts is necessary when operating in countries experiencing the challenges currently faced by Burma?For many international companies considering investments in Burma, a huge challenge is how they will select their local business partners. Getting this right is critical to avoiding relationships with local businesses accused of having benefited fro
the sanctions years, many local businesses had no choice but to work with the government or the military. Many benefited from such ties. This places enormous importance not just on the due diligence investors need to undertake before selecting business partners, but also the accountability and transparency of these relationships over the months and years ahead.International companies that think they can b
can be secretive about their relationships in Burma, beyond the threshold justifiable by normal competitive requirements, are gravely mistaken and will be increasing the risk associated with their investments and operations. This is equally true in the context of other key challenges ahead for the country, such as issues relating to land appropriation and use, discrimination, labour rights, conflict an
for their human rights impacts. It is equally important that people have access to adequate remedies when rights abuses do occur. These points are critical in shaping a culture of sustainable investment in the country.John Morrison is executive director of the Institute for Human Rights and BusinessThis content is brought to you by Guardian Professional. Become a GSB member to get more stories lik
talking about is Myanmar (or Burma, as most people still seem to call it).I caught up with Alex over the holidays because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun
up with Alex over the holidays because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma sinc
because I remembered his infectious enthusiasm for the country. He is an accomplished investor of frontier markets, those half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma since '91. (And yes, Alex is th
half-forgotten realms on the fringe of the investing world. Alex has been investing in Burma for 15 years as a partner at SPA Capital Partners, working with Serge Pun & Associates.The latter is an investment holding company that has been in Burma since '91. (And yes, Alex is the great-great- grandson of Ferdinand de Lesseps, the French developer of the Suez Canal, who also oversaw the early constructio
Penh, Cambodia. My friend Doug Clayton of Leopard Capital arranged the dinner. (We'll hear from Doug in a bit.) I was in the middle of a swing through Thailand, Cambodia and Vietnam. When I asked investors in these places what the next big story to emerge from Southeast Asia would be, the answer was always the same: Burma.Burma is beginning, at last, to thaw. The grip of the military junta is loosening
mainstream attention nearly every week. Why is Burma important?In short, it has everything the world craves - in size. The Wall Street Journal reported: "Myanmar's potential is too great for some investors to ignore. One of the last, large frontier markets in Asia, it is rich in oil, gas, timber and gems and has the potential to be a major rice and seafood exporter." Estimates of natural gas reserves
work has begun on a network of pipelines and highways and railways - all with Burma as the bridge to the two potentially biggest markets on earth, China and India."There will be opportunities to invest," Alex told me. Indeed, he's already seeing investors line up. In the next several months, new funds will launch. The Tokyo Stock Exchange announced it would help Myanmar develop its stock market. Man
and railways - all with Burma as the bridge to the two potentially biggest markets on earth, China and India."There will be opportunities to invest," Alex told me. Indeed, he's already seeing investors line up. In the next several months, new funds will launch. The Tokyo Stock Exchange announced it would help Myanmar develop its stock market. Many companies are already trying to elbow their way i
inroads. Unilever sells soap and soup. Caterpillar, too, has a business there. And a few are still there as exceptions to the sanctions, such as the French oil giant Total.Overwhelmingly, the foreign investment has focused on oil and gas, mining and power. And Burma's biggest investor has been China. (One Chinese businessman quoted in Thant's book says, "I hope the sanctions last forever." And why not? I
And a few are still there as exceptions to the sanctions, such as the French oil giant Total.Overwhelmingly, the foreign investment has focused on oil and gas, mining and power. And Burma's biggest investor has been China. (One Chinese businessman quoted in Thant's book says, "I hope the sanctions last forever." And why not? It keeps out the competition.) There is plenty of opportunity in basic thing
There is plenty of opportunity in basic things like cement and automobiles and hotels.And it's all just beginning. We'll keep an eye on Burma as opportunities open up. It's an exciting time to be an investor as the world turns right side up.Regards,Chris Mayer for The Daily Reckoning AustraliaChris Mayer is the editor of US-based newsletters Capital & Crisis and Mayer's Special Situations.This articl
Print Article - UK Business News | IBTimes Friday, June 1, 2012 3:27 PM GMTSuu Kyi Pleas For Foreign Investment Into Myanmar, But Warns Against Excessive Optimism Over ReformsBy Palash R. GhoshAung San Suu Kyi warned the world against expecting too much from the pace of democratic reforms in her native Myanma
and that the military (which ruled the country with an iron hand for fifty years) still wields a significant amount of power and may not embrace further democratic reforms.However, she urged foreign investors to invest in Myanmar in order to provide jobs for the young and alleviate high rates of poverty. But even that sentiment was tempered by her fears that an influx of foreign money might serve t
military (which ruled the country with an iron hand for fifty years) still wields a significant amount of power and may not embrace further democratic reforms.However, she urged foreign investors to invest in Myanmar in order to provide jobs for the young and alleviate high rates of poverty. But even that sentiment was tempered by her fears that an influx of foreign money might serve to exacerbat
for the young and alleviate high rates of poverty. But even that sentiment was tempered by her fears that an influx of foreign money might serve to exacerbate inequality and spawn more corruption.“ Investors in Burma, please be warned – even the best investment law would be of no use whatsoever if there is no court clean enough and independent enough to be able to administer these laws justly," sh
But even that sentiment was tempered by her fears that an influx of foreign money might serve to exacerbate inequality and spawn more corruption.“Investors in Burma, please be warned – even the best investment law would be of no use whatsoever if there is no court clean enough and independent enough to be able to administer these laws justly," she said."Good laws already exist in Burma, but we do not have
added: ''I am here not to tell you what to do but to tell you what we need. There is a great need for basic skills. We need vocational training much more than higher education. We want [foreign investments] to mean jobs. Please think deeply for us. We don't want investment to mean further corruption. and greater inequality."Suu Kyi also said she hopes for the day when Burma becomes “part of that mor
we need. There is a great need for basic skills. We need vocational training much more than higher education. We want [foreign investments] to mean jobs. Please think deeply for us. We don't want investment to mean further corruption. and greater inequality."Suu Kyi also said she hopes for the day when Burma becomes “part of that more prosperous, peaceful world.”The Burmese icon has dominated the summi
0Rating Unrated (0) EMAIL PRINT RSS SHARETEXT SIZE: A A A By Arshad Mohammed11 July 2012 @ 05:48 pm BST VIENTIANE - The United States on Wednesday eased sanctions to allow its companies to invest in and provide financial services to Myanmar but will require them to make detailed disclosures about their dealings, the White House said.The unusual reporting requirement aims to promote greate
rule.In a development first reported by Reuters early on Wednesday, President Barack Obama directed the U.S. Treasury Department to issue two general licenses, one giving general permission for investment in Myanmar and the other allowing financial services."Easing sanctions is a strong signal of our support for reform, and will provide immediate incentives for reformers and significant benefits to th
the traditional name of the Southeast Asian country.But the president added that the unfinished state of reforms left the United States "deeply concerned about the lack of transparency in Burma's investment environment and the military's role in the economy.""U.S. companies will be asked to report on their activities in line with international corporate governance standards," Obama added.The rule
economy.""U.S. companies will be asked to report on their activities in line with international corporate governance standards," Obama added.The rules require U.S. individuals and entities making new investments of more than $500,000 to submit annual reports to the State Department on issues such as human rights, workers' rights and environmental stewardship, the department said.Annual payments exceedin
rights and environmental stewardship, the department said.Annual payments exceeding $10,000 made to Myanmar government entities including state-owned enterprises must also be reported, while those investing in the Myanma Oil and Gas Enterprise must notify the State Department within 60 days."The purpose of the public report is to promote greater transparency and encourage civil society to partner wit
must notify the State Department within 60 days."The purpose of the public report is to promote greater transparency and encourage civil society to partner with our companies toward responsible investment," the departments of State and Treasury said in a fact sheet explaining the policies.White House spokesman Tommy Vietor told reporters the new investment "does not authorize investment with Burmes
partner with our companies toward responsible investment," the departments of State and Treasury said in a fact sheet explaining the policies.White House spokesman Tommy Vietor told reporters the new investment "does not authorize investment with Burmese Ministry of Defence, state or non-state armed groups, or entities owned by the foregoing."NO REWARDS FOR ABUSERSThe moves fulfil a May 17 announcement mad
responsible investment," the departments of State and Treasury said in a fact sheet explaining the policies.White House spokesman Tommy Vietor told reporters the new investment "does not authorize investment with Burmese Ministry of Defence, state or non-state armed groups, or entities owned by the foregoing."NO REWARDS FOR ABUSERSThe moves fulfil a May 17 announcement made by U.S. Secretary of Stat
or non-state armed groups, or entities owned by the foregoing."NO REWARDS FOR ABUSERSThe moves fulfil a May 17 announcement made by U.S. Secretary of State Hillary Clinton to ease U.S. sanctions on investment and financial services in recognition of Myanmar's startling political reforms over the last 15 months.The Obama administration left the sanctions laws on the books, giving Washington leverage shoul
underscored that "individuals who continue to engage in abusive, corrupt, or destabilizing behaviour going forward will not reap the rewards of reform," said Obama.Clarification of the rules for investment could prompt a rush of U.S. companies into the country.Coca-Cola Co, for instance, said last month it wanted to work in Myanmar as soon as the government allowed it. It is one of just three countrie
have also been suspended or lifted by other developed countries, including Canada, Australia, Japan and European Union states.The British government's trade promotion body, UK Trade & Investment, opened an office in Myanmar's commercial capital, Yangon, on Wednesday.ACTIVIST GROUPS REMAIN WORRIEDMyanmar's quasi-civilian government took office in March 2011 and has started overhauling it
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for a series of dramatic, positive reforms. Diplomatic channels have been opened up for the first time in decades, many economic sanctions have been lifted and there's been a surge in international investment.But the country’s weak rule of law, rampant corruption and terrible treatment of minority groups are often glazed over in the rush to invest in the "new" Burma. This week, the government barred a globa
been lifted and there's been a surge in international investment.But the country’s weak rule of law, rampant corruption and terrible treatment of minority groups are often glazed over in the rush to invest in the "new" Burma. This week, the government barred a global Islamic body from opening an office to help members of Burma's Muslim population, who are suffering from horrifying communal violence i
horrifying communal violence in the west of the country. Is Burma at the beginning of a new era of democracy, or have reforms simply given the new government a cover to boost business – and foreign investors a chance to profit? On a path to reformThe Burmese regime, aiming to end its global isolation and seeking foreign investment to breathe life into its stagnant economy, has gone to great lengths t
simply given the new government a cover to boost business – and foreign investors a chance to profit? On a path to reformThe Burmese regime, aiming to end its global isolation and seeking foreign investment to breathe life into its stagnant economy, has gone to great lengths to prove it is changing. After five decades of military rule and repression, the past eight months have brought dramatic reforms
appealing trading partner for the west. But until now, the Burmese people have seen almost none of the economic benefits of the country's vast natural wealth. China had been Burma's largest foreign investor to date, but the new government is eager to promote growth (and less reliance on China) by courting other foreign investment. Major corporations are now scrambling to jump on the bandwagon. Just afte
of the country's vast natural wealth. China had been Burma's largest foreign investor to date, but the new government is eager to promote growth (and less reliance on China) by courting other foreign investment. Major corporations are now scrambling to jump on the bandwagon. Just after the US eased sanctions on Burma in June, it brought in a slew of major US companies – Chevron, General Electric (GE), Goldma
Just after the US eased sanctions on Burma in June, it brought in a slew of major US companies – Chevron, General Electric (GE), Goldman Sachs and Google, to name a few – to begin exploring investment opportunities. Days later, GE became the first US company to sign a deal, and Coca-Cola and Pepsi have been the latest companies to announce they’ll start doing business in the country.However, th
have been the latest companies to announce they’ll start doing business in the country.However, the military still controls Burma’s largest companies. So will anyone other than the elite benefit from investment? Battles still being foughtFor the millions who are from ethnic minorities – hundreds of thousands of whom have been displaced by decades of conflict – the answer seems to be no. They still suffe
displacement or physical attacks in the past year.PHR also found that in areas near development projects, these outrages were much more common – sparking fear that without proper safeguards, an investment gold rush may actually cause minority communities to suffer even more in the future. Take this chance"Before history gets totally rewritten, it’s worth making a couple of points," a Washington Pos
independent judiciary."This underlines a key reality. Truly positive and long-lasting change won't be achieved until Burma as a whole – including its ethnic minorities – sees the benefits of foreign investment in their daily lives. The country is at a crossroads. Now it's up to rest of the world to act: to urge leaders and companies to act responsibly; and to insist that the easing of sanctions and mor
in their daily lives. The country is at a crossroads. Now it's up to rest of the world to act: to urge leaders and companies to act responsibly; and to insist that the easing of sanctions and more investment in Burma must be contingent upon its fair treatment of all its citizens. Until this happens, the big Burma gold rush could hurt more people than it helps.Sources: BBC, Reuters, Avaaz, CNN, Politico
a port -- after building a dirt road of more than 100 km (62 miles) to neighbouring Thailand. Its executives hope to find a strategic partner by year-end and plan to present the project to potential investors in South Korea this month.Myanmar Energy Minister Than Htay told Reuters last week that at least two other SEZs would be developed more quickly than Dawei: the Thilawa project near the commercia
most influential businessmen.Thailand's top lender, Bangkok Bank, is advising on the power project and Siam Commercial Bank on the whole project.Companies that Italian-Thai has identified as possible investors include Malaysia's Petroliam Nasional Bhd, Japan's Mitsubishi Corp, Mitsui & Co and Sumitomo Corp, and South Korea's POSCO.Japanese Trade and Economy Minister Yukio Edano discussed the project wit
Economy Minister Yukio Edano discussed the project with the Myanmar and Thai governments when he visited both countries last month."This project is huge and is getting a lot of interest from foreign investors," said Somchet, who personally met Edano and sees Dawei as a possible location for Japanese firms to build parts for use at car manufacturing plants in Thailand, as well as a low-cost location fo
highest rank.Kanit Sangsubhan, director of the Thai Finance Ministry's Economic and Financial Research Institute, told Reuters Dawei would need heavy government involvement or state enterprises to co- invest.Whether that will happen is unclear. Than Htay of Myanmar's Energy Ministry said the government wanted to promote more private involvement. "Regarding the petroleum refineries or the downstream plants, no
measures are lifted."Western businesses constrained by the sanctions are quietly showing interest in Myanmar for its natural resources -- oil, gas, timber and gemstones -- and are also looking to invest in tourism, financial services, hotels, telecommunications networks and infrastructure.(Writing by Alan Raybould; Editing by Robert Birsel) Copyright 2012 Thomson Reuters UK. All rights reserved. W
to Burma and his promise of easing sanctions if the regime brings in further political reforms could have unexpected consequences for the country's fledgling punk rock scene.In an effort to attract investment after decades as a pariah state, the repressive Burmese junta may lift some of its more ludicrous laws, such as the ban on punk music.In the West, punk has always been associated with rebellion an
plans to return to Burma after a long absence of 60 years, as the US government eased economic sanctions against the Buddhist nation.The Atlanta-based company is planning to make "significant investments" in the next three to five years and is waiting for the necessary approvals from the US government that allows companies to start investments in the Southeast Asian nation. "Coca-Cola's planned entr
Atlanta-based company is planning to make "significant investments" in the next three to five years and is waiting for the necessary approvals from the US government that allows companies to start investments in the Southeast Asian nation. "Coca-Cola's planned entry into Burma, following the suspension of sanctions, will be governed by its well-established global standards for corporate ethics includin
of remaining sanctions.It's a good start. Burma is one of the poorest countries in Southeast Asia, with 26 percent of the population living below the poverty line, according to UN statistics. Lifting investment sanctions and import bans will create desperately needed jobs in Burma and diversify the economy away from its current, unhealthy dependence on energy exports. Nothing can ease the rocky transitio
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political prisoners, and the Monday ending of pre-publication censorship for the country’s media, will be followed by a series of economic reforms, the Burmese government says, with new foreign investment regulations likely to be passed into law in coming weeks.If the reforms stay on track, the Asian Development Bank (ADB) believes that Burma can attain “middle income” economic status by 2030, sayin
come their way. “Whether the youth population turns to a demographic dividend or curse depends on the government,” said Cyn-Young Park, an ADB economist, referring to the need for greater investment in education, health and infrastructure.Harnessing Burma’s young population—and ensuring that the country’s political opening does not result in public disenchantment—means helping millions to fin
infrastructure.Harnessing Burma’s young population—and ensuring that the country’s political opening does not result in public disenchantment—means helping millions to find jobs. With a new foreign investment law set to be enacted during the current Parliament sitting, there are high hopes that foreign companies will find Burma’s low wage economy attractive.However, about three-quarters of the foreig
law set to be enacted during the current Parliament sitting, there are high hopes that foreign companies will find Burma’s low wage economy attractive.However, about three-quarters of the foreign investment into Burma to date has been in oil and gas, says the ADB, which are sectors that do not create much local employment.After meeting Burma’s opposition leader and recently-elected parliamentarian Aun
Posts :Burma Business Roundup (Saturday, Jan. 26)Burmese Ex-Telecoms Minister Faces Graft ProbeRangoon to Get New Housing ProjectBurma's Mobile Market Set to ExpandBurma Still an ‘Extreme Risk’ for Investors Despite Reforms 3 Responses to Burma’s Economy Can Triple by 2030: ADB Ohn August 21, 2012 - 5:38 am What is it there that is so wonderful about getting money for selling out a country at
“the greatest proportion of their economic output exposed to natural hazards,” according to the study.“In addition, they also demonstrate poor capability to recover from a significant event exposing investments in those countries to risk of supply chain and market disruptions,” said Maplecroft. “This could lead to sizable business interruption costs, in addition to material damage to essentia
dioxide emissions, deprivation in water and basic sanitation, plus growing vulnerability to natural disasters,” said the ADB.Just as Burma seeks to emerge from dilapidated isolation and encourage investment in new infrastructure for electricity generation and transport to catch up with other Southeast Asian countries, the ADB warns that many “sophisticated” cities in the region face a decline in livin
degradation.”So with the advantage of hindsight, Burma is in a position where it could avoid these problems by directing measured and sustainable development. The bank’s report urges governments to invest in less polluting technology and infrastructure and to focus on energy-efficient urban buildings to reduce electricity demand.“For urbanization to be not only green but inclusive, policymakers need t
Bangkok floods,” says the ADB.The report recommends that governments should promote climate change-resilient cities—including building homes in safe areas, make housing affordable for the poor and investing in drainage infrastructure and weather forecast technology.The speed of urbanization in Asia—a problem which seems certain to confront Burma as investment flows into Rangoon and Mandalay—shows no sig
make housing affordable for the poor and investing in drainage infrastructure and weather forecast technology.The speed of urbanization in Asia—a problem which seems certain to confront Burma as investment flows into Rangoon and Mandalay—shows no sign of slowing. Within the next 20 years another 110 million people will be living in cities across the region at risk of flooding, raising the total i
to Get New Housing Project Kachin Conflict Shows China’s Business Dilemma in Burma Burma’s Mobile Market Set to Expand Burma Business Roundup (Saturday, Jan. 19) Burma Still an ‘Extreme Risk’ for Investors Despite Reforms Four Int’l Business Conferences Planned in Rangoon Western Union Launches Partnership with Burmese Banks DHgate Wholesale Central <
Burmese Govt Warns Public about Dodgy Investments | The Irrawaddy Magazine BURMESE VERSION |BLOG | VIDEO | HOMEBURMAASIABUSINESSOPINIONFEATUREINTERVIEWCARTOONSPORTSMULTIMEDIAARCHIVES <
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BUSINESSBurmese Govt Warns Public about Dodgy Investments By THA LUN ZAUNG HTET/ THE IRRAWADDY| October 18, 2012 | 4 In the 2000 Hollywood movie, Boiler Room, Vin Diesel leads a team of ambitious brokers who sell fictitious stocks and defraud al
of ambitious brokers who sell fictitious stocks and defraud all their clients. (PHOTO: www.imdb.com) Certain domestic companies with foreign ties have been advertising themselves to the public as investment banks, however they do not have licenses to operate and therefore their activities are illegal, Burma’s Ministry of Finance and Revenue (MFR) has warned.Dr. Maung Maung Thein, the MFR deput
Maung Maung Thein, the MFR deputy minister, did not mention by name the companies he was referring to, but said that they had been guilty of advertising via the media and the Internet to act as investment banks and had falsely claimed that they had government permission to conduct financial affairs in Burma.“A couple of companies with foreign connections have been advertising in the media and statin
permission to conduct financial affairs in Burma.“A couple of companies with foreign connections have been advertising in the media and stating that they have already obtained permits to conduct investment banking [in Burma],” he said. “There have also been reports that those companies have been sending out emails inviting the public to invest through them.“No foreign institution has yet been give
that they have already obtained permits to conduct investment banking [in Burma],” he said. “There have also been reports that those companies have been sending out emails inviting the public to invest through them.“No foreign institution has yet been given license to operate inside Burma. They are not even allowed to open offices in this country,” he said.According to the Myanmar Monetar
people in the past and left behind many bitter memories.“Some monetary and financial organizations can be very deceitful,” he continued. “They promise substantial interest and dividends to those who invest with them. Many people do. Then, the firms take all the money and run away.”Thet Htun Oo, the senior manager at Myanmar Securities Exchange Centre, suggested that people should invest money or bu
to those who invest with them. Many people do. Then, the firms take all the money and run away.”Thet Htun Oo, the senior manager at Myanmar Securities Exchange Centre, suggested that people should invest money or buy shares only after they have made proper inquiries, and be especially vigilant as to the background of the company they are dealing with.According to Dr. Aung Ko Ko, a Burmese economis
Posts :Burma Business Roundup (Saturday, Jan. 26)Burmese Ex-Telecoms Minister Faces Graft ProbeRangoon to Get New Housing ProjectBurma's Mobile Market Set to ExpandBurma Still an ‘Extreme Risk’ for Investors Despite Reforms 2 Responses to Burmese Govt Warns Public about Dodgy Investments Tharlikar October 18, 2012 - 5:35 pm This is lawless country hyped up to no end by the “Democracies” for their ow
Graft ProbeRangoon to Get New Housing ProjectBurma's Mobile Market Set to ExpandBurma Still an ‘Extreme Risk’ for Investors Despite Reforms 2 Responses to Burmese Govt Warns Public about Dodgy Investments Tharlikar October 18, 2012 - 5:35 pm This is lawless country hyped up to no end by the “Democracies” for their own agenda with totally clueless “Mother and Father” of the nation. People are simpl
to Get New Housing Project Kachin Conflict Shows China’s Business Dilemma in Burma Burma’s Mobile Market Set to Expand Burma Business Roundup (Saturday, Jan. 19) Burma Still an ‘Extreme Risk’ for Investors Despite Reforms Four Int’l Business Conferences Planned in Rangoon Western Union Launches Partnership with Burmese Banks DHgate Wholesale Central <
US opens up investment in Burma - Telegraph
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were any ways to help move a transition forward. . . . And slowly, change started.”We suppose the more parents of this incomplete but encouraging reform process, the better, if those parents feel invested in helping to keep reform on track.But before history gets totally rewritten, it’s worth making a couple of points. One is that generals and ex-generals still run Burma, as generals have been runnin
Ki-moon said last week, Burmais giving “a strong sense of hope and expectation for the international community.”The unleashing of Burma’s economy could boost regional growth and intra-ASEAN trade and investment. As it is, Burma’s GDP growth rate is projected to average around 6 per cent per year until 2020, with GDP doubling to $124 billion by 2020, according to IHS Global Insight forecasts.The domesti
the pace of Burma’s economic growth could be even faster if driven by more rapid economic reforms. A key risk to this more rapid growth would be rising inflationary pressures, as rapid growth and investment creates supply bottlenecks and wage pressures. Inflation is already estimated to have averaged around 9 percent in 2011, and is forecast to average around 10 percent in 2012.Burma, like other ASEA
be the planned implementation of a unified exchange rate from April 1, as Burma moves to a managed float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Othe
of a unified exchange rate from April 1, as Burma moves to a managed float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Other key features include foreigner
float that will help to reduce market distortions and boost export competitiveness.Burma’s draft investment bill could accelerate investment, with provisions for a five-year tax holiday for foreign investors, 100 percent profit repatriation allowances, and government guarantees against nationalization.Other key features include foreigners having the right to lease land; foreigners no longer needing a loca
techniques, as well as the impact of market liberalization measures.Tourism flows, meanwhile, have already picked up, while business-related foreign visits have increased sharply due to heightened investor interest.Burma remains heavily dependent on imported manufactures from China, yet economic reforms, rapid growth in domestic demand and increased foreign investment could result in the rapid growth o
increased sharply due to heightened investor interest.Burma remains heavily dependent on imported manufactures from China, yet economic reforms, rapid growth in domestic demand and increased foreign investment could result in the rapid growth of the low-value added manufacturing sector, helped by relatively low wage costs.Transition towards a more market-driven economy will itself create challenges, a
exchange rate regimeMyanmar has a complex exchange rate system with many restrictions that give rise to multiple exchange rates. This system increases transactions costs, discourages foreign direct investment and trade, encourages informal activity, and has put appreciation pressure on Myanmar’s currency. Last month, the authorities took the first step toward exchange rate reform by adopting a manage
medium term, the IMF economists say the country needs to remove obstacles to growth including by modernizing the financial sector, fostering private sector growth by removing barriers to trade and investment, improving business climate and boosting agricultural productivity.The authorities in Myanmar are taking tentative steps down the reform path. Earlier this year, for the first time ever, the country’
one of the priorities in the authorities’ new national economic plan. Up till now, despite its low wage advantage, the manufacturing sector has been stifled by poor infrastructure and know-how, low investment, and extensive administrative controls limiting private sector development. Supporting the private sectorCross-cutting reforms would be needed to support private sector development. A key priority i
other countries. The UN Secretary-General may pay a visit, and the World Bank is being urged to resume work there, which had not been possible due to the international sanctions policy. New groups of investors are waiting to enter the country as soon as possible. This sudden enthusiasm, after years of ostracizing the country and depriving it of development cooperation beyond humanitarian relief, is a muc
production zones or tourism, and the country's geostrategic position with access to the Indian Ocean—while businesses in the United States and Europe were missing out on very lucrative deals and investment opportunities. Political and economic reforms are intermeshed, and past decades have shown time and again that the important movement to ensure civil liberties, democracy, and human rights is ver
democracy, and human rights is very often confused and conflated with measures to introduce neoliberal capitalism and prize open a country for the economic interests of individual and multinational investors. Such was the case in Eastern and Central Europe after the collapse of the Soviet Union: 20 years later, the populations in most of those countries are still reeling from the adverse effects o
finance and lead extension and innovation in the rural economy; and to create centers of research and development excellence. All of these areas have been seriously neglected for decades—displaced by investment in the military, oppressive wars against ethnic minorities, the police state apparatus, and most recently industrial parks which concentrate resources rather than spread employment and technolog
policy paths, defining and costing out its economic development options. Such an approach would, for example, selectively promote sectors and areas for domestic and international entrepreneurship and investment while demanding that they ensure employment, decent work, learning, and innovation transfers. The recent introduction of labor standards would fit in constructively with such a strategy, if th
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always prevent the ruling party from gaining economic means. Given Burma’s abundance in natural resources and a competitive labor market, the reformers must seek bilateral trade and promote foreign investments in Burma to create growth.Fourth, Ms. Aung Sun Suu Kyi must be recognized as a legitimate leader. She is a true symbol of and the power behind Burma’s democratic reform, and military generals mus
Myanmar Gets Record Investment After Years of Isolation: Energy - Bloomberg
(Stir It Up!) Subscribe and save 57% Advertisements Could Myanmar's economic reform bring business to war-torn ethnic regions? Myanmar has passed a new foreign direct investment law. Now a cease-fire in the country's war-torn Karen state has some entrepreneurs hoping to attract foreign investment. By Simon Roughneen, Correspondent / September 10, 2012 Myanmar factor
business to war-torn ethnic regions? Myanmar has passed a new foreign direct investment law. Now a cease-fire in the country's war-torn Karen state has some entrepreneurs hoping to attract foreign investment. By Simon Roughneen, Correspondent / September 10, 2012 Myanmar factory workers stage a rally outside Myanmar Labor's Office in Yangon, Myanmar, Friday, Sept. 7. Elected President Thein Sei
there is the antimony,” he says, referring to a potentially lucrative element mostly used in batteries and flame retardants.Antimony is just one of an array of natural resources prompting a surge in investor interest in Myanmar, which is better known for its gas, gemstones, timber, and oil. Given that antimony is also used sometimes in bullets, it is a grim irony that Shar Phaung could soon be mining in
names for what are better-known as Karen state and Pa'an respectively.Moreover, analysts say it will take more than peace to ensure significant economic change in Karen state.“We need outside investment, outside technology,” says Shar Phaung, who has yet to sign a contract with the government to mine the antimony. “We are hoping to get a bigger foreign partner to work more effectively,” he says. “W
the antimony. “We are hoping to get a bigger foreign partner to work more effectively,” he says. “We can only mine by hand right now, we don't have machines to do this properly yet.”A new foreign investment law was passed by Myanmar's parliament on Friday after several months debate, during which Western countries relaxed or suspended economic sanctions on Myanmar. The law scratched several potentia
law was passed by Myanmar's parliament on Friday after several months debate, during which Western countries relaxed or suspended economic sanctions on Myanmar. The law scratched several potential investment-deterring provisions from the original draft, such as a $5 million minimum initial spend for any foreign company wanting to invest. It could also help bring in the know-how and equipment Shar Phaung i
sanctions on Myanmar. The law scratched several potential investment-deterring provisions from the original draft, such as a $5 million minimum initial spend for any foreign company wanting to invest. It could also help bring in the know-how and equipment Shar Phaung is after.That might take time, however. “Foreign investors are looking to see the extent to which peace can be brokered, achieved
as a $5 million minimum initial spend for any foreign company wanting to invest. It could also help bring in the know-how and equipment Shar Phaung is after.That might take time, however. “Foreign investors are looking to see the extent to which peace can be brokered, achieved, and maintained in conflict areas prior to commitment of resources,” says Alessio Polastri, managing partner at P&A Asia,
P&A Asia, a consultancy that offers legal advice to companies seeking business in Myanmar.Another sticking point is the current mining law, which requires 30 to 70 percent profit sharing between an investor and the Myanmar government, which also seeks royalties and tax. The law is another likely deterrent to the sort of partner Shar Phaung wants, says Mr. Polastri, but one the government says it wil
with natural gas and timber exports. Mining projects are causing considerable damage to the environment and to people’s livelihoods. Jadeite mining in particular seems to be out of control. Foreign investor interest in Myanmar’s mining sector is intense, which suggests that the problem is likely to get worse.The Than Shwe government systematically exploited Myanmar’s natural resources for sale t
foreign companies to form joint ventures with the state-owned telephone and internet companies.In its early months the Thein Sein administration made clear its commitment to enacting a new Foreign Investment Law. A draft was submitted to the legislature toward the end of 2011, but the first session of the legislature in 2012 ended without a consensus text. Though passing the new law appears to be a to
has not gone far enough. Calling for the rule of law, she said that the alleged rape and murder of a young Buddhist woman by three Muslim men, which started off this latest savagery, should be investigated properly. Though she condemned the violence, some might think that her criticism did not go far enough. Whatever the reason for this inter-communal violence, it is unforgivable and it is also clea
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to the outside world for the first time in fifty years, the potential for explosive short-term gains can’t be ignored.That’s exactly why I flew to Burma in early June to attend the 2012 Myanmar Investment Summit. I joined executives from 300 companies – from more than a score of countries – in the main ballroom of the Park Royal Hotel in downtown Rangoon, listening to the future of Burma.On June 19,
that can accrue over time.”Just a few weeks later, at the Asean summit in Cambodia in early July, the U.S. government announced exactly what I predicted. It lifted the decades-old ban on companies investing in Burma. A few days later, General Electric secured a deal to sell X-ray machines to two private hospitals in Rangoon. The floodgates were open.My subscribers saw their position jump 34% in less tha
honestly excited about the surprising speed at which the country is reforming and the dramatic changes they’ve seen in the last six months alone.This is exactly the point at which I want to be an investor in a country like Burma. I like to arrive early to these parties, when the hosts are still trying to pretty up the place. By the time the real guests arrive – the ones with all the cash – I wil
to cut deals in everything from energy and infrastructure to consumer items and transportation.A poll out of Hong Kong just this week showed that Asian asset managers now rank Burma as the greatest investment opportunity for the next five years.Fortunes are clearly up for grabs as Burma opens up to the world.The Risk-Free Way to Invest in Emerging MarketsI understand that not everyone is ready t
showed that Asian asset managers now rank Burma as the greatest investment opportunity for the next five years.Fortunes are clearly up for grabs as Burma opens up to the world.The Risk-Free Way to Invest in Emerging MarketsI understand that not everyone is ready to capitalize on the opportunities in Burma.But every investor needs some exposure to the emerging and frontier markets. They are the futur
are clearly up for grabs as Burma opens up to the world.The Risk-Free Way to Invest in Emerging MarketsI understand that not everyone is ready to capitalize on the opportunities in Burma.But every investor needs some exposure to the emerging and frontier markets. They are the future of the world economy. The U.S. has had its century in the sun, just as Britain, Spain, Portugal and the others di
learn how you can become a subscriber – and about all of the opportunities your broker isn’t telling you about – click here for my latest special report. 2012-08-06 14:26:01Source: http://sovereign- investor.com/2012/08/06/invest-in-emerging-markets-burma/Related Stories A Take on the S&P Series How Likely Is It that founder Richard Schulze’s Deal for Best Buy Will Go Through? Bond Model Positive = Risk Off Bought DUST @ $46.25 The Arbitrageur: Gold Sea Chang
Burmese Investment Boom Fuels Worries Over Land Grabs
Myanmar Gets Record Investment After Years of Isolation: Energy - Businessweek Bloomberg Businessweek Go To Businessweek.com Sign in with Facebook Or use your Businessweek accountEmailPasswordForgot password? Remember me
to participate in energy projects in the country, according to the Moscow-based company’s website, without giving details. Photographer: Andrey Rudakov/BloombergBloomberg NewsMyanmar Gets Record Investment After Years of Isolation: Energy By Rakteem Katakey on September 17, 2012 Tweet Facebook LinkedIn Google Plus Comments Email Print From(enter your email) To(enter up to 5 email addresses
Rift in Myanmar over draft investment law | Reuters Edition:INArabicArgentinaBrazilCanadaChinaFranceGermanyItalyJapanLatin AmericaMexicoRussiaSpainUnited KingdomUnited States Home BusinessBusines
IST Editor's Choice25 Jan 2013 Banks try to put past sins behind them at Davos24 Jan 2013 Cheese fire causes traffic meltdown in Norway tunnel22 Jan 2013 Rift in Myanmar over draft investment law Tweet Link this Share this * President worried restrictions will hurt economy - sources * Draft law limits foreign investment in 13 sectors * Myanmar tycoons seen benefiting from changes By Marti
in Norway tunnel22 Jan 2013 Rift in Myanmar over draft investment law Tweet Link this Share this * President worried restrictions will hurt economy - sources * Draft law limits foreign investment in 13 sectors * Myanmar tycoons seen benefiting from changes By Martin Petty and Aung Hla Tun YANGON, Aug 29 (Reuters) - Protectionist clauses... EmailPrint Related TopicsRegulatory News »
clauses... EmailPrint Related TopicsRegulatory News » Stocks Wed Aug 29, 2012 4:14pm IST * President worried restrictions will hurt economy - sources * Draft law limits foreign investment in 13 sectors* Myanmar tycoons seen benefiting from changesBy Martin Petty and Aung Hla TunYANGON, Aug 29 (Reuters) - Protectionist clauses introduced by Myanmar's parliament to a long-awaited foreig
13 sectors* Myanmar tycoons seen benefiting from changesBy Martin Petty and Aung Hla TunYANGON, Aug 29 (Reuters) - Protectionist clauses introduced by Myanmar's parliament to a long-awaited foreign investment law have sparked concern the legislation will scare off foreign companies and benefit the crony capitalists who have long dominated its economy.Two sources with direct knowledge of the law sa
foreign companies and benefit the crony capitalists who have long dominated its economy.Two sources with direct knowledge of the law say President Thein Sein wants to make it attractive to foreign investors and his office has been working behind the scenes to convince lawmakers to ease restrictions introduced by parliament, which could approve the draft this week.The law, crucial to foreign investment i
investors and his office has been working behind the scenes to convince lawmakers to ease restrictions introduced by parliament, which could approve the draft this week.The law, crucial to foreign investment in one of Asia's last frontier markets, has been stuck in Myanmar's bicameral parliament for five months. Sources involved in the issue say 94 changes have been recently introduced, ostensibly to hel
compete.New requirements for as much as $8 million in start-up capital and barriers for foreign joint ventures in 13 restricted sectors could ultimately force some foreign firms to reconsider investing in Myanmar, say officials with ties to the president."It will just benefit a handful of the businessmen who had already made a fortune," said a senior industry official with close knowledge of th
anonymity because of the sensitivity of the issue.Since the suspension of most Western sanctions as a reward for economic and political reforms, many foreign businesses have held off committing to investments despite praising Myanmar's potential in sectors from tourism to timber, oil and gas.Coca-Cola Co, hotelier Marriott International Inc , automakers Suzuki Motor Corp and Ford Motor Co and tech firm
threats as the government seeks to liberalise the economy and introduce greater transparency.The overhaul of the law puts restrictions on 13 sectors, limiting foreign firms to a maximum 49 percent investment. The restricted sectors include manufacturing, farming, agriculture and fisheries.The law would require foreign firms to put up between $5 million and $8 million in start-up capital for a 35-49 percen
That would include dropping the $5 million start-up capital requirement and increasing foreign shares in joint ventures in the restricted sectors, the source said on the condition of anonymity.The investment law is one of the biggest pieces of legislation handled by a parliament that has become increasingly vocal under the leadership of lower house speaker, Shwe Mann, a decorated former general and a
the former junta who has won international praise for his role in driving reforms in the 17 months since the military ceded power.Changes to the draft legislation, which initially allowed 100 percent investments by foreigners in any sector, followed a June 30 meeting in Yangon between Shwe Mann and Myanmar businessmen who urged an immediate review of the law.According to parliamentary sources, lower hous
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New investments and unresolved conflicts | Democratic Voice of Burma HomeNewsEconomicsEnvironmentHealthMediaPolitics Opinion & AnalysisInterviewPhotosDVB TV Burmese Language Saturday, 26 January 2013Subscribe t
Voice of Burma HomeNewsEconomicsEnvironmentHealthMediaPolitics Opinion & AnalysisInterviewPhotosDVB TV Burmese Language Saturday, 26 January 2013Subscribe to our Feed New investments and unresolved conflicts Share Comments (5)Tweet By ANDREA GITTLEMANPublished: 19 October 2012A worker walks in front of shipping containers at Yangon's port on 8 April 2012. (Reuters) Over the pas
just a veneer that obscures the ongoing oppression of ethnic minority groups.Many countries have reacted to the recent changes in Burma by lifting longstanding sanctions, ushering in a new era of investment in the country. In the US, for example, the Obama Administration is in the process of removing its sanctions regime, thereby shelving most of its tools to press Burma’s government for further reforms
the Obama Administration is in the process of removing its sanctions regime, thereby shelving most of its tools to press Burma’s government for further reforms. The administration has lifted the investment ban, is in the process of ending the import ban, and has announced the end of a restriction on international financial institutions’ lending to Burma. These actions mark a significant shift fro
corporate regulation by the US and other governments, those allied with the ruling Union Solidarity and Development Party (USDP) will be able to line their pockets with the incoming foreign investment.Contrast that windfall with the potential harm to ethnic communities, which have long suffered abuse and discrimination under Burma’s military. Many hotspots of foreign investment likely will be in the oil
incoming foreign investment.Contrast that windfall with the potential harm to ethnic communities, which have long suffered abuse and discrimination under Burma’s military. Many hotspots of foreign investment likely will be in the oil, gas, and mining industries, and some ethnic minority areas are rich in such natural resources. While foreign investment can indeed lead to better jobs for those living nea
under Burma’s military. Many hotspots of foreign investment likely will be in the oil, gas, and mining industries, and some ethnic minority areas are rich in such natural resources. While foreign investment can indeed lead to better jobs for those living near investment projects, Burma’s ethnic minority communities have told a different story. A recent report from Physicians for Human Rights (PHR
likely will be in the oil, gas, and mining industries, and some ethnic minority areas are rich in such natural resources. While foreign investment can indeed lead to better jobs for those living near investment projects, Burma’s ethnic minority communities have told a different story. A recent report from Physicians for Human Rights (PHR) documenting human rights violations in Karen state found a correlatio
ethnic minority communities have told a different story. A recent report from Physicians for Human Rights (PHR) documenting human rights violations in Karen state found a correlation between foreign investment projects and human rights abuse.“For too many communities, foreign investment means abuse.”In fact, families living near a development project (in this case, the Dawei deep sea port) were eight time
Physicians for Human Rights (PHR) documenting human rights violations in Karen state found a correlation between foreign investment projects and human rights abuse.“For too many communities, foreign investment means abuse.”In fact, families living near a development project (in this case, the Dawei deep sea port) were eight times more likely to report a human rights violation than families living elsewhere
report built upon previous research in Burma that documented systematic attacks on health care and a denial of access to treatment as a way to control the population.For too many communities, foreign investment means abuse. Given the blanket impunity with which the Burmese military has abused members of ethnic minority groups, representatives of ethnic communities are understandably wary of any ne
means abuse. Given the blanket impunity with which the Burmese military has abused members of ethnic minority groups, representatives of ethnic communities are understandably wary of any new investment without proper safeguards to ensure that economic development projects will not negatively affect the people around them.Reforms in Burma must include more than political openness and improve
necessary institutional changes will allow the recent openness in Burma to reach all parts of the country.Other countries also have work to do. The US should ensure that its regulations on companies investing in Burma are strict and enforceable. Any US company found to be complicit in human rights violations should face accountability measures at home. The US should also immediately revise its Speciall
DC.-The opinions and views expressed in this piece are the author’s own and do not necessarily reflect DVB’s editorial policy. Tags: Barack Obama, ceasefires, conflicts, ethnic minorities, investment, sanctions, united states Author: ANDREA GITTLEMAN Category: Analysis CommentsOhn says: October 21, 2012 at 3:35 am “….the government of Burma will need to grapple with its troubled pas
the military. In fact, the insurgents continue in their efforts, supported by the exiles who have poured millions of dollars into undermining the government. The problem is that they have lost their investment. They are left out of the new Myanmar and the power & wealth that they have sought since 1988. Because they’ve got so much at stake, peace and harmony do not seem to be in Myanmar’s future regardles
continues to destroy the Union of BurmaWhat’s the price for peace in Kachin?No progress without engagement on Burma’s nuclear frontInternational praise and grassroots realitiesWhat Obama didn’t say Investment, discretion and Burma’s future economic development DVB TVGrowing up on the streets of Mandalay is tough. Many of the children sniff glue as a way to escape and to forget about the hunger. With no on