Myanmar: Indian businesses in wait and watch mode to see impact of coup
A group of Myanmar activists residing in Israel hold up a portrait of ousted leader Aung San Suu Kyi as they chant slogans during a protest
(AFP)
There are about 100 Indian companies in Myanmar with investments over 1.2 billion
Share Via
Read Full Story
NEW DELHI :
The Indian business community in Myanmar is in a “wait and watch mode though not unduly worried after the Myanmarese military detained State Counsellor Aung San Suu Kyi and seized power earlier this week.
One issue of concern is whether the coup will bring back international sanctions on the country, the last of which was lifted in 2016. Previous economic sanctions on Myanmar in the past have included cuts in financial aid, blocking access to assets and curbs on investment flows.
Vanguard News Translate
Sad return to broken chains (2)
On
By Eric Teniola
HE moved to the Federal Public Service as Administrative Officer. Class III, in 1958 and was promoted Permanent Secretary in 1960, and headed in turn the ministries of Defence, Communications, Industries and Finance. He occupied the vital post of the Permanent Secretary, Finance, from 1966 through the years of civil war with all its effects on the country’s finances.
In December 1970 he was appointed Administrative Officer (Principal Grade), and became Secretary to the Federal Military Government and Head of the Federal Civil Service. Alhaji Attah died on June 12, 1972 at the Royal Free Hospital, London.
In June 2005, we were so ecstatic in celebrating the debt relief offered us, a relief of over $20billion dollars, which was beyond the total revenue of Nigeria for one year. So happy were we that President Olusegun Obasanjo as he was then) GCFR, had to make a broadcast to the nation on June 30, 2005. He followed the broadcast by appearing before the joint sitting of the National Assembly on July 26, 2005 to speak on the issue. In the broadcast, he declared, “How did we work to get out of this debt quagmire? We did it by resolving and working hard to break with the past; by identifying new voices and new leaders; and by rejecting business as usual and voting for new values of accountability, transparency, fair competition, social justice, and the upliftment of the living standards of Nigerians. We revamped our institutions and put in place an economic agenda that reduced the role of the state in the economy while strengthening the place and role of private investors. We mounted a vi
Share
In June 2005 we were so ecstatic in celebrating the debt relief offered us, a relief of over $20billion dollars, which was beyond the total revenue of Nigeria for one year.
So happy were we that President Olusegun Obasanjo, GCFR, had to make a broadcast to the nation on June 30, 2005. He followed the broadcast by appearing before the joint sitting of the National Assembly on July 26, 2005 to speak on the issue. In the broadcast, he declared, “How did we work to get out of this debt quagmire? We did it by resolving and working hard to break with the past; by identifying new voices and new leaders; and by rejecting business as usual and voting for new values of accountability, transparency, fair competition, social justice, and the upliftment of the living standards of Nigerians. We revamped our institutions and put in place an economic agenda that reduced the role of the state in the economy while strengthening the place and role of private investors. We mounted a vigorous g