Myanmar's new GovernmentThe new Myanmar government
var _abdm = _abdm |||| ;_abdm. push (["1512023572", "InPage", "1512024269", "InPage_1512024269"]); Industry officials have greeted an open confession by State Councillor Daw Aung San Suu Kyi and her chief minister that Myanmar's businesses have been growing gradually in the first six month of their administration. The State Council said at a Nay Pyi Taw summit on 22 October that there had been less commercial activities than anticipated in the first six month of the new state.
"We frankly acknowledge that the economies have not been developing as fast as we expected," she said, and added that the administration was accepting the criticism and trying to accelerate it. "She said the goverment wants to see it grow. Minister of Plan U Kyaw Win said to the attendees that the gradual expansion in the first six month of the new administration was due to the challenge of change.
"There is still much free space for further work. His Maung, Chairman of First Private Bank, was unanimous that the transition was one of the reasons for the slowdown in economic expansion. Aung Aung San Suu Kyi urged businessmen to give priority to the country's interests in using the possibilities offered by the increase in US penalties.
"Thinking of the people," she counseled, and added that the whole wide globe was looking. At the beginning of this monthly, the WB said Myanmar's economy grew by 7.8 per cent.
Myanmar's new government to push China into the dam
Last Thursday, China signaled that it will urge Myanmar's new administration to restart a contentious hydroelectric barrage program in South-East Asia, as the treaty is still in force. Myanmar's retiring president, Thein Sein, upset Beijing in 2011 by abandoning the $3.6 billion Chinese investment in the Myitsone hydroelectric plant, about 90 per cent of whose capacity would have gone to China.
In Myanmar, other China ventures have also proven contentious, such as the Letpadaung mine, against which the villagers have voiced repeated protests, and two China's pipeline network of hydrocarbons throughout the state. In the run-up to a China-South East Asia meeting between Prime Minister Li Keqiang and five countries' heads, China's Vice Foreign Minister Liu Zhenmin said the Myitsone Reservoir was an "important co-operation project".
"It was postponed very regrettably by the Myanmar authorities in 2011. It is important for both nations how this co-operation can be promoted," he said at a press briefing. Said he did not yet know exactly who would represent the Myanmar administration at the top of the Hainan holiday destination in South China.
Myanmar's House of Representatives on Tuesday voted a dear acquaintance of Nobel Peace Prize winner Aung San Suu Kyi as US Presidential Election and made Htin Kyaw the first leader since the 60s that does not come from a civilian context. As high-ranking NLD resources Reuters said, China's embassy has sent a quiet message to top-ranking Suu Kyi's National League for Democracy (NLD) officers about the embankment barrage.
Whilst Beijing maintained close links with Myanmar's army junta, it has also strengthened its relationship with Suu Kyi, which last year in Beijing had a meeting with China's President Xiinping. He said that the two nations had a long history of mutual respect and that it was in the interest of both sides to deepen their work.