The mining of Myanmar’s vast jade resources has come under attack from the West with the United States banning the importation of the jadeite from the country. While the military government now presents a softer and gentler face to the world, a humanitarian catastrophe is unfolding in the country’s northern Kachin state. Hidden behind the world’s longest running civil war, tens of thousands of people are being exploited in hell-like conditions; heroin is being abused on an unprecedented scale, creating the world’s largest HIV infected community, and what was once a pristine wilderness is being turned into an environmental nightmare.
YANGON--Myanmar has approved more foreign direct investment in the past five months than all of last year, but companies setting up operations in the hot frontier market face a growing problem: Southeast Asia's highest office rental rates.
Myanmar has approved FDI projects worth more than $1.8
billion from the start of the fiscal year on April 1 to the end of
August, compared with $1.4 billion in the whole previous fiscal year,
Aung Naing Oo, a director general at the Ministry of National Planning
and Economic Development, told Reuters.