Monday, July 14, 2008

Burma: local firms will need to be watched

The Washington Post reports:

At least 30 big Burmese companies that locals refer to as "cronies" of the junta were assigned to the reconstruction and relief efforts in the delta's townships. This has raised concerns in Yangon, the largest city, that the companies will eventually collect payback in the form of land concessions in the delta or elsewhere in the country.

But Western diplomats and aid workers say that so far, the companies have often proved helpful. Some aid agencies, including Save the Children, have turned to businessmen such as Serge Pun, whose holdings include Yoma Bank, to obtain boats and warehouse space and to speed deliveries to the affected areas.

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