ASEAN KEY DESTINATIONS
October 11, 2007
Singapore under pressure to get tough with junta
Singapore, one of Myanmar's biggest investors, is under pressure from rights groups to use its economic clout to push the generals down along a more democratic path.
According to the Economist Intelligence Unit, Singapore was Myanmar's largest source of foreign funding last year with US$47.5 million in investments, followed by Russia and Britain.
Singapore is a key investor in Myanmar's tourism sector, provides medical care for the regime's generals and is seen as a financial centre for the Myanmar elite.
"There are not many countries that the military regime can rely on today, and Singapore is one of them," Sann Aung, a Bangkok-based leader of the government-in-exile set up after the junta ignored the 1990 election results, told Reuters.
The city-state's links with the junta have come under fire from rights groups and led to calls to take a tougher stance.
European Union parliamentarians visiting the island last week called on Singapore to ease bank secrecy laws and seize assets of Myanmar's generals, or risk a proposed pact with the EU.
Full story on http://asia.news.yahoo.com/