Chinese, Japanese investors show interest in Rakhine

Sub-title: 

While Western investors have shied away due to human rights violations related to the northern Rakhine crisis, Chinese and Japanese investors showed visible interest in the state at the Rakhine Investment Fair on February 22.

Description: 

"State Counsellor Daw Aung San Suu Kyi, who attended the fair, said economic development could be the answer to much of Rakhine State’s woes, where communal conflict in recent years has turned away investors and damaged growth. With a political solution difficult to achieve under the circumstances, the government believes that developing the state’s economy may be one way of lessening the conflict between communities and eventually ending it. Rakhine Chief Minister U Nyi Pu said at the fair that economic development supported by local and foreign investors was “the best solution for sustainable peace and development in the state”. More than 700,000 Muslims fled northern Rakhine to Bangladesh since late 2017 after a crackdown by the military, which followed attacks by the Arakan Rohingya Salvation Army. Almost all of those who fled are still living in border refugee camps. In light of the alleged atrocities in the region, the UN-mandated Fact-finding Mission on Myanmar (UNFFM) recommended that companies ensure their operations are compliant with the UN Guiding Principles on Business and Human Rights (UNGPs) when conducting business in Rakhine..."

Creator/author: 

Thiha Ko Ko

Source/publisher: 

"Myanmar Times"

Date of Publication: 

2019-03-03

Date of entry: 

2019-11-22

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China, Japan

Administrative areas of Burma/Myanmar: 

Rakhine State

Language: 

English

Resource Type: 

text

Text quality: 

    • Good