Western firms remain hesitant about investing in Burma, in contrast to Asians' enthusiasm

Article Abstract:

Asian corporations are increasing their investments in Burma as western firms, particularly American corporations, remain tentative in expanding Burmese operations. Although western firms account for 48% of total foreign investment at $1.35 billion, most of these are channelled to oil and gas ventures in remote areas, while Asians are dominating other industries. Some analysts feel that if the trend continues, western firms will miss substantial opportunities in Burma's rapid economic liberalization.

Economic aspects, Economic policy, Industrialized countries, Asia, Corporations, Myanmar, Industrial nations, Corporations, Asian

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Moving heaven and earth

Article Abstract:

Hong Kong's Chek Lap Kok Airport, with an estimated cost of $20 billion, is slated to begin operating in Apr. 1998. It ranks second in terms of the amount of money spent on a single project in the world. It will boast of such facilities as a rail link that is capable of transporting passengers to a distance of 23 km. in only 23 minutes, a six-lane highway, two suspension bridges and new town that can accommodate around 20,000 inhabitants.

Industrial Nonbuilding Structure Construction, Airports, flying fields, & services, Airports, Airport Operations, Airports Construction, Planning, Buildings and facilities, Hong Kong, Airport construction

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