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Investments In Burma (r)
Investments in Burma
Taisei Construction to Open Office in Burma
Released by ISBDA on November 30, 1995
Japanese general contractor Taisei Construction will open an office in
Rangoon to enhance the company's activities which largely relates to
Japan's ODA to the military regime in Burma, business and technology
newspaper Nikkan Kogyo Shimbun reported today. This company was the sole
contractor of the project for expansion of Rangoon airport facilities which
had been halted after Burmese military killed thousands of demonstrators
in 1988 demonstrations.
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MONETARY SOURCES THAT ABET BURMA'S MILITARY REGIME
Up to July,1995, SLORC has reportedly made 151 agreements with foreign
investors that values a total of 2900 million dollars, The Nikkan Kogyo
Shimbun reported. The report detailed a list of countries as well as type
of business that bring money for SLORC to emphasize the fact that Japan is
at the seventh place. This is apparently because Japanese government did
not provide insurance for investment to Burma until February, 1995.
The data in the report can be tabulated as follows:
Table 1.
==================================================
Country No of Contracts Value in Million US$
==================================================
Britain 16 640
France 1 460
Singapore 31 450
Thailand 27 410
USA 14 240
Japan 6 100
==================================================
Table 2.
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Investment Type No of Contracts Value in Million US$
============================================================
Petroleum & Gas 24 1430
Hotel & Tourism 31 600
Fishery 50 250
Real Estate 4 190
Mining 21 180
Manufacturing 51 170
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\EndOfNews
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