MYANMAR TIMES
THE MYANMAR TIMES | 22 FEB 2019
As the country continues to get pilloried in the international community because of the still unresolved humanitarian crisis in northern Rakhine State, US companies are exploring opportunities in the country amid efforts to open up some sectors such as banking, finance and education.
US Ambassador to Myanmar Scot Marciel met recently with representatives of the Union of Myanmar Federation of Chambers Commerce and Industry to discuss and explore opportunities available for US businesses.
U Maung Maung Lay, vice chairperson of the UMFCCI, said foreign companies are always welcome to invest in the country, especially in the areas of education, technology and telecommunications.
“We believe international investors should not ostracise Myanmar,” he said.
Charter change
On the political front, nationalists held a huge demonstration in downtown Yangon over the weekend to urge the parliament to follow its procedures in amending the constitution.
“We fear the parliament is not following its rules in amending the constitution, said U Hka Wai, one of the organisers of the protest.
But things seemed to moving on well to amend the controversial 2008 Constitutiuon, which many deem as undemocratic, when military MPs agreed on Thursday to be part of the charter change committee.
Brigadier General Maung Maung, one of the MPs, told reporters that eight of his colleagues have registered to be part of the parliamentary committee that will propose the amendments to the constitution.
Earlier in the week, the parliament approved the creation of a multi-party committee that will accelerate the process of charter change.
The committee will be comprised of 45 members that will also include eight members of parliament from the Tatmadaw (military) and two from the main opposition Union Solidarity and Development Party.
Rakhine turmoil
The Rakhine parliament rejected a proposal by the Tatmadaw to help convince the Rakhine people to support the military’s campaign against the Arakan Army, which has been launching attacks against government security forces in some areas of Rakhine and in Chin State.
The Rakhine regional parliament voted 22 to 11 to reject the motion by a military MP, according to U Kyaw Lwin, one of the legislators.
Government forces have been fighting the AA since last month following deadly attacks on police and military outposts.
“The military needs to seek public support if it wants the people to cooperate,” U Kyaw Lwin said.
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