Feb 12, 2012

President Thein Sein calls on Filipino businessmen to invest in Myanmar

President  Thein Sein of Myanmar urged businessmen in the Philippines to invest in his country as the government completes the road to democracy with elections this April where freed Nobel laureate Aung San Suu Kyi is a candidate.

Foreign Secretary Albert del Rosario said Sein issued the invitation when he paid a visit to Sein at Nay Pyi Taw, Myanmar’s capital.

Del Rosario congratulated the Myanmar leadership for embarking on a series of social, political and economic reforms. These include the release of more than 2,000 political prisoners led by pro democracy leader Suu Kyi and the coming by-elections for 48 parliamentary seats.

With the Philippines’s lifting of economic sanctions against Myanmar, Sein urged Filipino businessmen to invest in various sectors of Burma’s economy such as oil and gas, agriculture, mining, forestry and timber products, development of deep sea ports, infrastructure, among others.

Source: BusinessMirror