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Article

11 Apr 2013

Author:
William Boot, Irrawaddy [Myanmar]

Burma’s Ethnic Violence ‘Poses Threat to Foreign Investment’

Continued religious and ethnic violence in Burma could deter much-needed investment…according to a study…by… Maplecroft...The…tourism industry [i]s the most vulnerable, with the negative impact quickly spreading to the retail and infrastructure sectors… “The important oil and gas industry is unlikely to be directly disrupted…but it could cause problems for supporting logistical work…” the…study said….The Ministry of Energy has signaled that it plans to hold an international auction this month for…licenses to hunt for oil and gas off Burma’s coast…adjacent to the coastal Arakan region where many of Burma’s Muslims live.…[T]elecommunications and the Internet, [are]…being blamed for helping to…spread some of the…violence…Maplecroft said that if the signs of “neo-nationalistic discrimination” spread beyond anti-Muslim sentiment, there is a wider risk to the business community. [refers to Google]