US Secretary of State Hillary Clinton welcomed Burmese comedian Zarganar and other former political prisoners from Burma in Washington on Wednesday. Zarganar, who was repeatedly incarcerated and sentenced to decades in prison after helping survivors of Cyclone Nargis in 2008, was released from prison in October 2011. Clinton also met at the State Department with Bauk Gyar, an ethnic minority activist from Kachin state who is running in closely watched April 1 by-elections, and women's campaigner Khin Than Myint.
Published on Thursday, Feb,9,2012
Burma has the world's worst legal system for doing business, according to a report released on Wednesday. For the fifth year in a row, Burma has been deemed “the country offering the least legal protection for foreign companies” by British risk analysis group Maplecroft. Despite the growing attractiveness of Burma as a potential destination for foreign investment amid recent reforms and expectations of an eventual lifting of Western sanctions, the country still poses “significant operational and strategic risks,” the group said in its annual ranking of 197 countries.
Published on Thursday, Feb,9,2012
Japan and Burma will launch preliminary talks in Naypyidaw next Tuesday aimed at signing a bilateral investment agreement, according to officials in Tokyo. Japan is seeking an accord that will give Japanese companies interested in investing in Burma greater protection. Official negotiations could begin this spring, and a bill could be submitted to Japan's Diet early next year, according to a report by the Kyodo news agency. The two countries agreed to begin talks on a bilateral investment treaty in late December when Foreign Minister Koichiro Genba visited Burma.
Published on Thursday, Feb,9,2012
Calling Burma's upcoming by-elections a crucial test of recent reforms, the European Union's foreign aid chief said ahead of a trip to the country this week that the regional bloc would not be sending observers to the April 1 polls. Andris Piebalgs, the EU development commissioner, is traveling to Burma to offer 150 million euros (US $198 million) in aid over the next two years. The EU is not attaching conditions to the aid “because we would like to support the people of Myanmar,” said Piebalgs. “I assume the process will not go backwards.”
Published on Thursday, Feb,9,2012
Supporters of the former president of the Maldives rioted through the streets of the capital and seized some remote police stations on Wednesday to demand his reinstatement, as the country’s new leader appealed for an end to the political turmoil roiling this Indian Ocean island nation. Allies said former leader Mohamed Nasheed and other top party officials were beaten by police in the street chaos. The nation’s first democratically elected president, Nasheed resigned on Tuesday after police joined months of street protests against his rule and soldiers defected.—AP
Published on Thursday, Feb,9,2012