Wednesday 28 November 2007

Shame on you, Britain!!!

Myanmar gets over $750 mil in direct investment


Military-ruled Myanmar attracted foreign direct investment worth more than $750 million during fiscal year that ended March 31, 2007, according to official figures made available Wednesday. During the period, China, South Korea, Russia, Singapore and Britain invested in projects worth $752.7 million, mainly in the oil and gas sector, figures from the Central Statistical Organization said.

Four of the five investing countries went in for the oil and gas sector, accounting for more than 62 percent of investment in the year. Britain, which regularly criticizes Myanmar's junta for human rights abuses, invested $240.68 million in the oil and gas sector, followed by Singapore with $160.8 million in the same sector. South Korea and Russia invested in oil and gas at $37 million and $33 million, respectively.

6 comments:

AUNGAMA said...

Oil and gas are big deal and continue important issues for all countries.

NaingKo1 said...

KH, Mark et all,
We should lunch an economic sanction campaign towards business communities, particularly in UK, Korean, Singapore and Thailand.
we need to cut off this junta economic lifeline.
Could you post in your blog and BCUK plz.
Best,
NK

Anonymous said...

we should not blame other countries for our freedom already,we try ourself.they know only their benefits.we have to expell this junta government.we have to sacrifice more than now.and most of us are ready for this.

Tin Min said...

As far as I knew, the reason why UK's investment has taken part a major percentage in the foreign investment of Myanmar is that many companies invested in Myanmar are registered in British Virgin Islands where there is flexible tax regulations and economic freedom though the islands is under UK governemtn's administration.
Anyhow, at the end of the day, it is natural that other countries mind their own businesses. We should not rely on others for our freedom.

Alex said...

Burma has covetous amounts of natural gas. It's a relatively clean fuel source and the green-conscious movement could, pragmatically, tilt toward it as a viable alternative. Unfortunately, that means things like this will happen. If my government had any integrity left it would indefinitely suspend its alliance with the UK.

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