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January 30 - February 5, 2012
From Page 1
Four political objectives
«
Stability of the State, community peace andtranquillity, prevalence of law and order
«
Strengthening of national solidarity
«
Building and strengthening of discipline-
ourishing democracy system
«
Building of a new modern developed nationin accord with the Constitution
Four social objectives
«
Uplift of the morale and morality of the entire nation
«
Uplift of national prestige and integrity and preservationand safeguarding of cultural heritage and nationalcharacter
«
Flourishing of Union Spirit, the true patriotism
«
Uplift of health, tness and education standards of
the entire nation
Four economic objectives
«
Building of modern industrialized nation through the agricultural development,and all-round development of other sectors of the economy
«
Proper evolution of the market-oriented economic system
«
Development of the economy inviting participation in terms of technicalknow-how and investment from sources inside the country and abroad
«
The initiative to shape the national economy must be kept in the handsof the State and the national peoples
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Shangri-la to revive
Mr Powell quickly shot downanother popular rumour – thatthe buildings are up for sale.Instead, they will be developedinto Shangri-la Apartments, a240-unit serviced apartmentcomplex.“The timing’s right I think[because] there is highdemand for quality servicedapartments and a majorshortage. Clearly we can seethere’s an opportunity thereand that’s why we want tostart them up again, or ratherfinish what we started,” MrPowell said. “That’s going totranspire very soon.” Yangon’s current crop of serviced apartments alreadyhave long waiting lists andlittle in the way of new supplyis expected over the next twoyears, Colliers International’s
Yangon Property Market Report 1
st
Half 2011
stated.“Due to limited supply andhigh demand, every servicedapartment in Yangon isrecording high occupancy ratesfor long term contracts andsome projects had a waitinglist to stay of more than 50,”the report said.“With no new supplyexpected in the next two yearsthis is likely to continue,” itadded.In this regard Shangri-la hasthe upper hand on potentialcompetitors because the basicstructure and supportinginfrastructure are already inplace. Look closely enough andyou can even make out whatappears to be a tennis court inthe undergrowth between thetowers and the lake.Shangri-la estimates the job can be completed withintwo-and-a-half years. MrPowell said he was not privyto discussions concerning thebudget for the project.“The structure or shell of the building is fine. However,we’re going to have to do a lot of work on the inside. I think it’sgoing to take a bit of effort tocomplete it and the mechanicaland electrical [systems] willhave to be stripped and startedover again,” he said.“I think it’s going to takequite a bit to complete it …somewhere between two andtwo-and-a-half-years is theinitial estimate.“I can’t say that’s concretebecause that’s dependent onwhat happens here in thecountry politically, as well asthe availability of materials,being able to procure a qualitycontractor and skilled labourto get the work done.“I know that this will be achallenge because we’re notthe only ones looking to starta new project or continue asuspended site. Ours are notthe only ghost towers in thetown; there are at least sixthat I know of.”Like many of the otherdormant projects, which includeone well-known hotel andoffice tower in the downtownarea and prominent high-riseson Pyay Road, Shangri-la’sKandawgyi project was thevictim of the Asian FinancialCrisis in 1997, which prompteda downturn in Myanmar.“The reason that it stopped,like many of the projectsthat stopped, was the AsianFinancial Crisis and also thesituation in Myanmar at thetime was not positive.“People didn’t want tocontinue to invest moneyinto a place that they haduncertainties about and that’sunderstandable. Those twotowers have been sitting theresince 1998 when we stoppedwork.”The decision to restartthe project follows a US$30-million-plus refurbishmentof Traders Hotel launched inJuly 2011, Mr Powell said.
Parliament opens
“He is trying very hard to putthis democratic process inthe parliament. He has beensaying when we hold openvoting ‘You can openly showyour opinion. Don’t be scared’,”said U Sai Hsaung Hsi, 65, amember of parliament fromKyaukme in northern ShanState and vice-chairmanof the Shan NationalitiesDevelopment Party, whichwon 18 Pyithu Hluttaw seatsin the election.Parliamentary politics isclearly a new phenomenon.Just ask the men in green.Sitting on the right flank of the lower-house chamber aremilitary men in fatigues. A quarter of lower house seatsare reserved for the military. And there are otherconservative pockets of resistance to reforms, saylegislators, although PresidentU Thein Sein stressed recentlyin an interview with the
Washington Post
that hisgovernment had “no intentionto draw back” on reform.“It is not at all impossible forthe reforms to be reversed,” saidSean Turnell, an economistat Macquarie University inSydney who closely followsMyanmar.“There are significant groupsthat are in opposition to someof the reforms but overall weare in a very much differentspace than we were only amatter of six months ago.”He described the firstlegislative session convenedby the former military juntain January last year as “amockery of a parliament”. Butthere were flickers of changein the second session after the junta formally ceded power.“The second session startedto behave like a parliament.It was no longer a vehiclepurely of the president or themilitary. It had a degree of independence. We are lookingnow to the third session to seewhich one was representative– the first session or thesecond.”It is a crucial question forinvestors who see plenty of opportunities as Myanmarbegins to opens up.But barriers to progressare formidable: US sanctions,an incoherent exchange rateregime, woeful infrastructure,weak investment laws, acrippled banking system,decades of mismanagement anda shortage of skilled workers.“Economic reform, if anything now, is beginning tolag behind the political reform,”said Mr Turnell, addingthat investors were waitingfor a long-overdue foreigninvestment-protection law tosnake through parliament.“We have yet to see it. I ama little bit worried about that.It is a law that needs to getthrough but there is still alittle bit of debate about it.“When something like thatdoes pass, that will be quitea signal that real economicreform is under way.”Some see that changehappening if Daw Aung SanSuu Kyi wins a seat in thelower house in April by-elections.“When she comes to theparliament, if she raises oneissue, and this issue is verybeneficial to the country, thenwho will dare go against it?”said U Sai Hsaung Hsi.–
Reuters
By Shwe Yinn Mar Oo
UNITED States senatorJohn McCain has called onthe government to allowinternational observers intothe country to monitor the by-elections on April 1.Mr McCain last week madehis second visit to Myanmar,leading a delegation of fourUS senators that met withPresident U Thein Sein,speakers of both houses of parliament and Daw Aung SanSuu Kyi.Mr McCain told the media onJanuary 22 that the senatorshad raised the issue with thepresident and they wantedinternational observers to helpthe election commission withall aspects of ensuring a “freeand fair” election, includingvoter registrations, partybuilding and campaigning.“The president didn’t commiteither way in response,” hesaid after meeting Daw AungSan Suu Kyi at her house onJanuary 22.By-elections in 48constituencies across thecountry are to be held on April1 and Mr McCain said ensuringthey were credible was animportant step towards seeingsanctions lifted.“But it seems to me if theelections are going to be freeand fair the government wouldwant international observershere to tell the world that theelections are free and fair,” MrMcCain said.The US senator said thatthe senators had been veryencouraged by the progressthat the government has madebut there were a number of issues that still need to beaddressed, including rule of law, ethnic conflict and theby-elections.“We do not expect miraclesbut we do expect continuousprogress in the right direction,”he said.President U Thein Sein andhis government, with supportfrom Daw Aung San SuuKyi, were taking “real stepstowards political and economicreforms”, he said, adding thatthe US government was “alsotaking steps” in response. After meeting with Daw Aung San Suu Kyi, Mr McCainand the three other senators –Sheldon Whitehouse of RhodeIsland, Joe Lieberman of Connecticut and Kelly Ayote of New Hampshire – held a pressconference at the AmericanCentre in Dagon township.Mr McCain, a Republicanfrom Arizona, said at thepress conference that theadditional actions that thesenators wanted to see fromthe government includedthe release of hundreds of prisoners of conscience whoremain behind bars.He also mentioned theimportance of granting theInternational Committee of the Red Cross access to prisonsthroughout the country.The senator said he waswatching closely the progresstowards ending long-runningethnic conflicts and said he was“encouraged” that PresidentU Thein Sein had orderedthe military to halt attacksin conflict areas. However,this needed to be followed bycommanders on the ground,he said.Mr McCain also urgedthe government to build ademocratic system based onthe rule of law, which he saidwas not only essential forhuman rights and freedom of all people in the country butalso a prerequisite to attractforeign investment.“I am confident that thePresident Thein Sein seeks tomake progress in those areasnot because the US requires[it] but because it can improvethe lives of the people herebecause it can strengthen thesovereignty and independenceof the nation,” Mr McCainsaid.
McCain calls for poll observers