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Burma, Singapore agree more busines

Subject: Burma, Singapore agree more business cooperation 

Burma, Singapore agree more business cooperation

      RANGOON, Burma (Reuter) - Singapore has agreed in high-level talks here
to broaden economic cooperation with Burma and help the isolated country to
develop human resources, rice and poultry, a Singapore official said

    The embassy official said the agreements came in talks between a
Singapore government delegation and senior Burmese officials, including
military intelligence chief Lt.-Gen. Khin Nyunt. 

    ``The new initiatives that we launched today will build upon the progress
achieved so far, and provide additional impetus to our bilateral econommic
cooperation,'' Singapore's Minister for Trade and Industry, Yeo Cheow Tong,
said at the end of the talks late Tuesday. 

    The human resources training project would focus on staff for Burma's
tourism industry and on training personnel for the promotion of exports, the
embassy official said. 

    The second project would develop and increase production of Burma's
indigenous varieties of fragrant rice and enable Singapore companies to
invest in Burma's rice and milling industries. 

    The third project is aimed at improving Burma's poultry breeds and will
help investment in large-scale poultry breeding and production. 

    Singapore is a leading investor in Burma with interests worth $583.7
million in 36 projects, according to Burmese government figures. 

    Total foreign investment in Burma up to the end of last year was worth
$2.7 billion. 

10:29 01-24-96