MYANMAR ABSORBS 7 BLN DOLLARS OF FO

[dawnstar@xxxxxxxxxxxxx]

Subject: Re: MYANMAR ABSORBS 7 BLN DOLLARS OF FOREIGN INVESTMENT

Check this out, and then you tell me, how do they do it? Stay in power:
ACCORDING TO OFFICIAL FIGURES, MYANMAR RECEIVED ONLY 1.26 BILLION
DOLLARS OF FOREIGN INVESTMENT IN 1997, 248.26 MILLION DOLLARS IN 1998
AND 11.82 MILLION DOLLARS IN THE FIRST HALF OF THIS YEAR.

thats 12 million dollars down from 1.2 billion. That would be 1% of the
total 1997 figure. And they are still in office? If it wasnt so
incredible, and painfully so incredible, one might be urged to laugh. 

So you tell us, its not just drugs, or it? its not just money laudering,
or is it? Bribes? Commissions? Unaccounted for money, and not going into
the public register. Nothing going into the public register from foreign
funds?

So the boycott and sanctions is working, the people are NOT getting the
gas, as promised, as boasted for years by the pro developement liars at
TOTAL, all going out of the country, not in to development of the
country, and now they are begging the World Bank to give them a deal?

This is a wierd virtual economy. I just wished they could raid the banks
and see what they found? But who would raid them, not the generals. They
run the banks and sell licenses. 

So why doesnt the World Bank get tough on the money laundering? Is it
because the World Bank profits too, from laundered monies?

YOU  tell us?

metta, dawn star

 
> MYANMAR ABSORBS 7 BLN DOLLARS OF FOREIGN INVESTMENT
> 
>  Xinhua, Yangon 15 November 1999. MYANMAR HAD DRAWN A TOTAL
> OF 7.101 BILLION U.S. DOLLARS OF FOREIGN INVESTMENT AS OF THE
> END OF JULY THIS YEAR SINCE IT OPENED TO FOREIGN
> INVESTMENT IN LATE 1988, ACCORDING TO THE LATEST ISSUE OF
> "ADVERTISEMENT AND MARKET DIRECTORY" PUBLISHED LOCALLY.
> 
> THE INVESTMENT, FROM 24 COUNTRIES AND REGIONS, COVER A TOTAL OF 317
> PROJECTS.
> 
> OF THE PROJECTS, THOSE IN THE OIL AND GAS SECTOR DREW THE LARGEST
> AMOUNT OF INVESTMENT, REACHING 2.30 BILLION DOLLARS, FOLLOWED BY
> MANUFACTURING (1.46 BILLION DOLLARS), HOTELS AND TOURISM (1.04 BILLION
> DOLLARS), REAL ESTATE (997.14 MILLION DOLLARS) AND MINING (507.25 MILLION
> DOLLARS).
> 
> THE STATISTICS ALSO SHOW THAT SINGAPORE RANKED THE FIRST AMONG
> FOREIGN INVESTORS, INJECTING INTO THE COUNTRY 1.49 BILLION DOLLARS,
> FOLLOWED BY BRITAIN (1.35 BILLION DOLLARS), THAILAND (1.25 BILLION
> DOLLARS), MALAYSIA (587 MILLION DOLLARS) AND THE UNITED STATES (582
> MILLION DOLLARS).
> 
> SINCE MYANMAR ADOPTED THE OPEN-DOOR MARKET-ORIENTED ECONOMIC
> POLICY IN LATE 1988, THE INVESTMENT ENVIRONMENT HAS GRADUALLY
> IMPROVED FOR FOREIGN INVESTORS.
> 
> HOWEVER, DUE TO THE IMPACT OF THE ASIAN FINANCIAL CRISIS, THE INFLOW OF
> FOREIGN INVESTMENT INTO MYANMAR HAS DROPPED STEADILY. FOR INSTANCE,
> INVESTMENT FROM MEMBER COUNTRIES OF THE ASSOCIATION OF SOUTHEAST
> ASIAN NATIONS (ASEAN) FELL BY 70 PERCENT.
> 
> ACCORDING TO OFFICIAL FIGURES, MYANMAR RECEIVED ONLY 1.26 BILLION
> DOLLARS OF FOREIGN INVESTMENT IN 1997, 248.26 MILLION DOLLARS IN 1998 AND
> 11.82 MILLION DOLLARS IN THE FIRST HALF OF THIS YEAR.
> 
> THE DECLINING FOREIGN INVESTMENT INFLOW HAS BROUGHT ABOUT NEGATIVE
> EFFECTS ON THE COUNTRY'S ECONOMY.
> 
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