|
China and Singapore in the Spotlight for Investment in Myanmar |
|
|
|
Saturday, 06 October 2007 |
|
China and Singapore are becoming the focus of international attention for investments in Myanmar, formerly known as Burma, which allegedly prop-up the military regime there.
The Sydney Morning Herald reports that investors collectively known as Singapore Inc, have around $3 billion invested in Burma and have been some of the biggest investors in and supporters of Burma's military junta.
In a separate article the Guardian newspaper in the UK reports that the Chinese government has offered the Burmese generals political protection in return for cheap resources. They report that in January, China vetoed a UN resolution condemning the junta's human rights record – three days later it was given lucrative gas concessions in the Bay of Bengal.
|