27 Mar '17, 9pm

Myanmar wakes up to a reality that's not so golden

Myanmar wakes up to a reality that's not so golden

Standing on a street corner in front of campaign banners bearing his image, dentist Maung Maung urges the residents of Yangon's Ahlone township to vote for the ruling National League for Democracy (NLD) party. Outnumbered by red- and orange-shirted party faithful, a handful of onlookers look on blankly. Myanmar is holding by-elections for 19 seats on April 1 but interest is tepid. As the NLD marks its first anniversary in power on Thursday, the heady optimism that followed its sweep of the 2015 general election has largely given way to the grim reality of reforming one of the poorest countries in Asean. Foreign investment is set to drop by some 30 per cent in the fiscal year ending March 31 and economic growth to slow to 6.5 per cent during the same period, according to a World Bank projection. The government is fending off attempts by the United Nations to investigate per...

Full article: http://www.straitstimes.com/asia/myanmar-wakes-up-to-a-re...

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