Tuesday, September 25, 2012

Myanmar plays

Myanmar plays: Myanmar’s President Thein Sein has embarked on a landmark visit to the US, the first visit by a Burmese leader in 46yrs, seeking to end sanctions. Mr Thein is scheduled to attend the UN General Assembly in New York and is likely to focus on trade opportunities. It follows a tour by opposition leader Aung San Suu Kyi who made her first trip to the US in 40 years last wk. The US lifted sanctions against Mr Thein and other Burmese officials only last wk and he is scheduled to meet US Secretary of State Hillary Clinton and other senior officials from the US and the UN. A crucial aim of his visit will be the removal of a US ban on imports from the country, which could pave the way for greater foreign investment and create urgently needed jobs. We do not rule out a play up of SG Myanmar related stocks.

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