Thailand’s Business Plan for Burma

Author: Wai Moe, Irrawaddy, Published on: 19 March 2008

Thailand’s main information technology and service company, Loxley...plans to launch the first convenience store in Burma in partnership with one of the Burmese junta’s cronies, Dagon Win Aung, according to a report in the Bangkok Post...A recent...report by Agence France-Presse said that jewelers in Thailand are buying highly coveted rubies and jade at an official auction this week in Burma which is offering about US $153 million worth of gems. The AFP report said that after the junta’s deadly crackdown on pro-democracy protests led by Buddhist monks in September, leading jewelers, including Tiffany, Cartier and Bulgari, are refusing to stock Burmese precious stones in protest.

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Related companies: Bulgari Cartier (part of Richemont) Tiffany