SINGAPORE (Reuters) - A Singapore firm has won a $10.6 million deal to expand the Yangon International Airport in Myanmar.
Singapore information technology company CNA Group said in a statement that under the deal, the firm will design and install engineering systems at Yangon airport.
Myanmar said in January that with $1.57 billion for 72 projects, Singapore tops the list of the 25 foreign investor countries in Myanmar. According to official data from Myanmar, Singapore is the largest exporter to Myanmar, and its second-largest trading partner after Thailand.
"If we don't take their money someone else will."
I searched for a balanced and independent report on Myanmar/Burma and this is the best I could find. Now remember this is trying to be 'objective' and it reads like a full on attack of the regime in Burma:
Prominent pro-democracy leader and Nobel Peace Prize winner, Aung San Suu Kyi, has had various restrictions placed on her activities since the late 1980s. In 1990 her party won a landslide victory in Burma's first multi-party elections for 30 years, but has never been allowed to govern.
Military-run enterprises control key industries, and corruption and severe mismanagement are the hallmarks of a black-market-riven economy.
The armed forces - and former rebels co-opted by the government - have been accused of large-scale trafficking in heroin, of which Burma is a major exporter. Prostitution and Aids are major problems.
The largest group is the Burman people, who are ethnically related to the Tibetans and the Chinese. Burman dominance over Karen, Shan, Rakhine, Mon, Chin, Kachin and other minorities has been the source of considerable ethnic tension, fuelling intermittent separatist rebellions.
Burma is the world's largest exporter of teak and is a principal source of jade, pearls, rubies and sapphires. It is endowed with extremely fertile soil and has important offshore oil and gas deposits. However, its people remain very poor and are getting poorer.
The above is quoted from the BBC.
Nobel Peace Prize winner Aung San Suu Kyi, daughter of the assassinated independence leader Aung San, spent 6 years under house arrest [actually she is again under house arrest]. In 1990, her party, the National League for Democracy, won 82 percent of the parliamentary seats. The generals, shocked by an election result they never expected, threw 200 of the newly-elected MPs into prison. Suu Kyi's party has never been allowed to take elected office.
She warns that, far from liberalizing life in Burma, foreign investment and tourism can further entrench the military regime.
Singapore's Blood Money
Horrific account of Burma's suppression