Japan has agreed to write off more than US$3.7bn of debt owed by Burma and to resume development aid. The leaders of both countries also agreed to plan a special economic zone near Rangoon. This could give Japanese firms a head start in winning business in what is seen as one of Asia’s last frontier markets.
Hey could have been S’pore planing a SEZ with Burma! We are “old friends” of Burma. And GLCs and TLCs got experience of building biz parks in Vietnam and China. Come on Georgie Boy. Go broke deals between S’porean cos and Burmese ones and the government. Too comfortable, what with big fat pension? Or planning to reform PAP? Or planning to be president?
(Ya aware that three postings in row abt Northern ASEAN countries. But taz where the biz and investment opportunities are coming from in this region.)