BUSINESS – Singapore now Burma’s top investor (or is it USA?)

Singapore has emerged as the top foreign investor in Burma, leapfrogging ahead of previous frontrunner China. However, Burmese Deputy Minister of Finance Maung Maung Thein says he believes the result comes from American companies registering in Singapore to avoid the remaining US sanctions on Burma. Direct foreign investment in Burma this year will rise by about a quarter to more than US$5 billion, according to Naypyidaw.