Home > BUR > IntelTrends: Burma Report 04-JUN-2010

IntelTrends: Burma Report 04-JUN-2010

June 4, 2010

Expert says Burma ‘planning nuclear bomb’
DVB, 03 Jun

A five-year investigation by DVB has uncovered evidence that Burma is embarking on a programme to develop nuclear weaponry. At the centre of the investigation is Sai Thein Win, a former defense engineer and missile expert who worked in factories in Burma where he was tasked to make prototype components for missile and nuclear programs…
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In collaboration with DVB, American nuclear scientist and a former director in the International Atomic Energy Agency (IAEA), Robert Kelley, has spent months examining this material. Here he writes in an exclusive report for DVB that Burma is probably mining uranium and exploring nuclear technology that is only “useful only for weapons”. For the full 30-page report, click here.

China and Burma sign 15 trade deals
AFP, 03 Jun

The Chinese premier signed major deals and discussed the thorny issue of border stability with neighbouring Burma’s junta chief on Thursday during a visit to the military-ruled country.

Junta cronies get nod to run banks
Mizzima, 03 Jun

Burma’s ruling military junta has given the go-ahead for four of its cronies to open banks, amid fears among bankers that already existing competition will intensify and have a negative impact on them, a banker said. The authority in Naypyidaw issued banking licences on May 29 to Tay Za, who will set up Asia Green Bank; Zaw Zaw for his Irrawaddy Bank, Nay Aung, who is opening Amaya Bank; and, Chit Khaing, who will roll out the Shay Saung Bank. These junta cronies have greater starting capital than their competitors and the junta will place a higher priority on using their products and services, so they will have the upper hand, a veteran banker said…

Half of Five Star’s crew abandons shipping line
Mizzima, 03 Jun

About half of the total workforce at Burmese shipping’s Five Star Line have quit their posts as of Tuesday, saying they would seek better pay as crewmen for foreign lines. Union of Myanmar Economic Holdings Limited (UMEHL), established to finance the Burmese military, took over the Burmese shipping line, which was operating freight and passenger transport services, on April 1. Two months after the takeover, at least 550 sailors out of total 1,227 sailors, have submitted their resignations…

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IntelTrends’ Burma Report is published Tuesdays and Fridays.

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