Tuesday, May 22, 2012

Myanmar investment reality check

In the lobbies and bars of Rangoon’s high scale hotels, the shady p
asts of Burma’s business elite do not seem to deter the hordes of 
Western businessmen there to seek their fortune
 in the resource-rich country.

Thai govt approves budget for Myanmar-linked projects

May 21 (Reuters) - The Thai government has approved a 33.1 
billion baht ($1.1 billion) budget for infrastructure in the west 
of the country that will link up with a planned $50 billion port 
and industrial zone in Dawei over the border in Myanmar.

) Thai Govt Approves $1 Bn for Dawei

Thailand has approved 203 projects that will cost more than 
30 billion baht (US $1 billion) to support a deep-sea port and 
an industrial zone in Burma’s southern town of Dawei, 
according to The Bangkok Post.


KIA attack blamed for loss of electricity in Rangoon

A decrease in electrical power in Rangoon on Saturday was caused 
by an explosion at four electrical towers on the national power grid. 
The government said the Kachin Independence Army (KIA) 
was responsible for the attack.


Electricity Cuts Spark Rare Protest

In northern Burma’s Mandalay, as many as 1,000 gather for a 
candlelit demonstration.In Burma’s largest protest in years, 
as many as 1,000 people staged a candlelit demonstration 
over severe electricity shortages in northern Burma’s Mandalay 
on Monday, amid power cuts the government has blamed on 
fighting in the Kachin border region.