Re: Is it true, Burma is bankrupt?

With the leaders hijacking any business revenue, how would foreigners be
fool enough to invest in a country where there is no guarantee for their
investment.
Those people are fool enough to cut the branch they are sitting on.

"Tide" <tide_rain@xxxxxxxxxxx> wrote in message
news:1127266548.610576.255220@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>I am not sure if Burma is brankrupt. However, things that you
> mentioned below are realities in Burma. Incredible amount of
> corruption is incredibly increasing since the fall of BSPP. Having
> said that, BSPP era had corruptions which were measurably small
> compared to the current outbreak.
>
> What is wrong with Burma? I used to think it was about lack of
> democracy and human rights. But I don't think it is realistic to think
> that way anymore at this transition period. The reality in Burma is
> lack of economic development and lack of middle class. In general,
> there are only ruling class and working class in Burma. Yes, Ko Ko Gyi
> and Min Ko Naing might be right to call for the humanitarian aid. The
> international community might increase substantial amount of
> humanitarian aid to Burma. But there is a doubt that that will aid
> even a small sector of the poor Burmese community effectively. What
> Burma crucially needs is an increase in foreign investments.
>
> Burma needs to create employ opportunities for her people. The
> unemployment rate in Burma is needless to say extremely high which
> becomes a killer for now and future generations. That's what the
> opposition party or student leaders should seriously look into it. The
> issue of extreme poverty does not give a room for any party to continue
> with the philosophy of damaging the regime's economy will eventually
> kick generals out of the power. It is the time to come up with an idea
> of tolerant working conditions with generals which includes some form
> of condition to tolerate generals' corruption, like many World Bank and
> IMF loans/projects to Indonesia, the Philippines, Thailand, Pakistan,
> Bangladesh, China, Sub-saharan African countries and many other
> developing countris around the world. This way is to work towards the
> trickle down approach of the wealth. Of course, it will definitely
> take a long time to reach to the poorest of the poor. But what
> alternative and realistic way does Burma have apart from working hard
> to create employment opportunities so as to adjust classes in the
> Burmese society? Employment opportunities will hopefully narrow the
> gap between ruling class and the poor Burmese.
>
> Cheers!
> Tide
>
>
> Kutha wrote:
>> The rumours going around in Yangon are, the government is
>> bankrupt. Government is buying foreign currencies. That's why the
>> value of Burmese Kyats gone down so dramatically. One US$ is K/1200.
>> Patrol price is K 2000. Government can not pay its employees their
>> wages. All ministries and departments are instructed by the government
>> to raise fund by themselves to pay for themselves.
>>
>> In foreign countries, Burmese embassies are asking visa fees,
>> this fees and that fees in cash only or if it is in cheque, it must be
>> written out in the name of one of the embassy staffs, who has a bank
>> account.
>>
>> Burmese passport holders have to pay to go home or to visit
>> relatives. All the clearance or documents they need from the embassy
>> they have to pay. Some of them have to get permission in advance to go
>> back to Burma for a visit..
>>
>> From Yangon air port to the streets of Yangon, persons wearing
>> white, karki , blue and grey uniform, surprisingly not green from
>> respective departments passport control, custom and excise ,
>> immigrations and even porters are so boldly and without shame demanding
>> cigarettes, alcohol, sweets chocolates or money as gifts from those who
>> arrive to Yangon And on departure they ask the passengers to leave
>> Kyats or foreign currencies of any kind behind with them.
>>
>> Hotels and motels, bed and breakfast are demanding Ks/ 5000 (
>> five thousand kyats) extra for each foreign visitor to be registered at
>> local immigration authorities ( La Wa Ka). No official receipt of any
>> kind can be expected.
>>
>> On the streets of Yangon, motor vehicle police ( Yinhtain Ye )
>> are begging or robbing the bus drivers, taxi drivers even trishaw
>> drivers.
>>
>> In the markets places or the bazaar, the vendor are the victim
>> of the Si Pin or the local municipal police every day. Even on the
>> premises of the pagodas, pagoda police are so daring to the tourists.
>>
>> The name of Burma, the name of Burmese, the name of the
>> government , the bribery and corruption in Burma is so much. Everybody
>> and everything become immune.
>>
>> Whether the rumours are true or not, if there is no spark there
>> can be no fire. It seems like the government is encouraging these or
>> ignoring these, because it can not pay its employees, it is left to
>> the public. Because government employees are the public servants, the
>> public has to pay for them, is that it?
>>
>> Bogyoke Khin Nyunt and his gang of MIS may have gone for
>> corruption. But people in Yangon are saying things are worse then
>> before.
>>
>> Who is in charge now is the question. Burma is flooded with the
>> persons with police uniform. Are the police the scapegoats or next
>> victims?
>>
>> Kutha.
>


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