Singapore a loyal friend of Burma

Q Ali

I wish to draw readers’ attention to Singapore’s relationship with the brutal Burmese regime.

Despite the pariah status of the military junta controlled country as a flagrant violator of human rights and being the engine room of the notorious opium Golden Triangle, Singapore has been one of its key trading partners.

For more than a decade, Singapore has shrugged off evidence that some of its business has gone directly to Burma’s drug kingpins, specifically the infamous heroin trafficker Lo Hsing Han.

In 1997, former US Assistant Secretary of State for the Bureau of International Narcotics and Law Enforcement Affairs, Robert Gelbard, said: ‘Since 1988 … over half (of the US$1 billion) investment from Singapore have been tied to the family of the narco-trafficer Lo Hsing Han’.

In 1992, Lo founded one of Burma’s largest conglomerates, the Asia World Company which allegedly acts as an upmarket front for money-laundering. Lo’s son is married to a Singaporean who runs three ‘overseas branches’ of the conglomerate in Singapore itself.

In 1996, it emerged that the Singapore Government Investment Corporation had co-invested with Lo in the Traders and Shangri-La Hotels in Rangoon through a 21.5% stake in the US$39 million Myanmar Fund.

Many Singaporean firms are involved in the Asia World Group and the $S1 billion-plus a year that the republic pours into Burma in private investments. The contradiction of Singapore executing those caught with heroin while doing business with drug barons is not lost on many people.

What credibility will Asean have when persons like Singapore’s Foreign Minister George Yeo talk about ‘firm action’ to be taken against Burma?

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2 Responses to “Singapore a loyal friend of Burma”

  • #1 Dr San Oo Aung Says:

    According to the International Trade Union Confederation General Secretary Guy Ryder, “no company can claim to have clean hands if it is doing business in or with Burma, since the Generals take their cut out of every deal.” So Singapore government and Singapore companies are getting dirty money and Singapore banks are laundrying money of the illegal Junta Generals. Please stop denying the PM of Singapore. The whole orld know this.

  • #2 Singapore » Blog Archives » Singapore a loyal friend of Burma Says:

    [...] Singapore a loyal friend of BurmaDespite the pariah status of the military junta controlled country as a flagrant violator of human rights and being the engine room of the notorious opium Golden Triangle, Singapore has been one of its key trading partners. … Posted in Singapore | Trackback | del.icio.us | Top Of Page [...]

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