05 Jan '12, 5am

Billionaire investor George Soros to set up official base for philanthropic work in Myanmar

NAYPYIDAW (AFP) - US billionaire investor George Soros said he has agreed to set up an official base for his philanthropic work in Myanmar after meetings with the country's president and Aung San Suu Kyi. The financier, one of the world's richest men who funds pro-democracy initiatives in Myanmar, travelled to the army-dominated country 'in his capacity as a philanthropist', according to a statement seen on Thursday. Mr Soros said he planned to establish an 'official presence' in the country to aid 'the transition from a closed to a more open society', following the Dec 26 to Jan 3 trip to Myanmar, also known as Burma. He added that talks with opposition leader Ms Suu Kyi included 'a wide ranging discussion about the reform process'.

Full article: http://www.straitstimes.com/BreakingNews/SEAsia/Story/STI...

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