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Posts Tagged ‘Investment’ (49 found)
Burma: Investors Need Robust Rights Safeguards
American companies investing in Burma should not let new US government reporting requirements lull them into complacency on human rights concerns. The US “Reporting Requirements on Responsible Investment” in Burma went into effect on May 23, 2013. Doing business in Burma involves various human rights risks that the US rules do not fully address […]
• • •Joint Statement on Good Governance and Transparency in the Energy Sector
The energy sector plays a vital role in the economies of both our countries. If properly managed, oil and gas revenues can make an important contribution to economic development, and the sector can help supply the electricity needed to grow the economy, including to run businesses, schools, and hospitals. Managing the energy sector transparently and in line with international best practices is an objective of both our governments […]
• • •Burma: China-led Oil, Gas Projects Spark Arrests
Authorities in Burma should drop charges against ethnic Arakanese activists who participated in peaceful protests against Chinese-led oil and gas projects, Human Rights Watch said today. Ten activists are scheduled to face criminal charges in court on May 13, 2013, for demonstrating and holding […]
• • •Conducting Meaningful Stakeholder Consultation in Myanmar
Shift’s April 2013 report is designed to assist companies with the challenge of conducting meaningful consultations with stakeholders, as they consider or commence operations in Myanmar. The report (1) provides a survey of stakeholder views regarding the entry of companies into Myanmar; and (2) sets out key elements for companies to consider in their stakeholder engagement strategies […]
Too Much, Too Soon? The Dilemma of Foreign Aid to Myanmar/Burma
At the end of March 2011, Myanmar began an ambitious political transition led by newly elected President Thein Sein. Bold moves in his first year included opening a dialogue with opposition leader Aung San Suu Kyi, suspending construction of the Chinese-fund Myitsone Dam, and abandoning a grossly overvalued exchange rate in favor of a market-determined rate. These moves unleashed a swarm of visitors seeking to support the transition and “make a difference”: prime ministers, foreign ministers, heads of donor agencies and international NGOs, chief executives of multinational corporations, and many others […]
Current Status of Dam Projects on Burma’s Salween River
In late February 2013, Burma’s Deputy Minister of Electric Power informed Parliament that six dam projects on the Salween River in Shan State, Kayah State (Karenni) and Karen State had gained approval. With a combined installed capacity of 15,000 MW, the projects will include the Upper Salween or Kunlong Dam, Mai Tong or Tasang Dam, Nong Pha Dam, Mantawng Dam (on a tributary), Ywathit Dam, and Hatgyi Dam. The investment will come from five Chinese corporations, Thailand’s Electricity Generation Authority of Thailand (EGAT) International Co. Ltd and three Burmese corporations.
Burma/Myanmar Not Ready for Rights-Compliant Investment
The current legal, political, and economic context in Burma/Myanmar does not enable foreign investment that complies with key international norms and standards. This is the finding of an informal visit to Burma/Myanmar carried out by the International Federation for Human Rights (FIDH) along with […]
• • •Burma’s Ethnic Areas Too Volatile for Foreign Investment
In the same week that China announced that the Shwe oil and gas pipeline that runs across Burma will be completed in May, a report from the Transnational Institute and Burma Centre Netherlands, Developing Disparity: Regional Investment in Burma’s Borderlands, warns that foreign investment in ethnic areas has the potential to exacerbate ethnic tensions and disempower local communities.
The completion of the 700-mile Shwe dual oil and gas pipeline will conclude the opening chapter of a project that has created a platform for a plethora of human rights abuses. Transporting oil and gas from the Bay of Bengal, the pipeline starts in Arakan State, and passes through Magway and Mandalay Divisions and Shan State, before finishing in Yunnan province, China. While the military controlled company, the Myanmar Oil and Gas Enterprise will gain up to $29 billion over the next 30 years through sale of oil and gas to China, the project has already negatively affected communities across Burma, as the Ta’ang Students and Youth Organization recently documented in Ta’ang areas of Shan State […]
Developing Disparity: Regional Investment in Burma’s Borderlands
Unless foreign direct investment in Burma’s war-torn borderlands is refocused towards people-centered development, it is likely to deepen disparity between the region’s most neglected peoples and Burma’s new military, business and political elite and exacerbate a decades-long civil war.
Burma has entered a pivotal stage in its political and economic development. The advent of a new quasi-civilian government has raised the prospect of fundamental reforms […]
Easing of Sanctions on Burmese Imports Does Little to Improve Human Rights There
As expected, the Obama administration today suspended the US ban on imports from Burma, just days before President Obama’s historic visit to that country. Physicians for Human Rights (PHR) is disappointed that the decision was not coupled to a requirement for proper […]
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