With the easing of longstanding U.S. economic sanctions against Burma, major American companies are quickly starting to invest in the Southeast Asian nation.Competing soft drink giants Coca-Cola and Pepsi-Co. are returning to Burma for the first time in many years.
Meanwhile, both MasterCard and Visa have reached deals with Burmese banks for use of their internationally-known credit cards. The ConocoPhillips and Chevron energy companies have been looking for investment opportunities as well.U.S. President Barack Obama in July eased restrictions on American investment in Burma after Burmese President Thein Sein moved away from strict military control and embraced initial democratic reforms.Obama made a short trip to Burma Monday, the first serving U.S. president to visit the country. He praised Burmas move toward democracy, while calling for more changes, which he said would lead to more U.S. economic investment.
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
Will Myanmar’s coup help China influence ASEAN?
The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.
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