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Friday, 4th June 2010

Burmese Government Sells National Library Buiding to Private Investors; No Word as to What Will Happen Next

From the Article:

Burma's National Library and a TV studio complex are among five state-owned buildings sold to private investors, according to informed sources in Rangoon.

[Clip]

A Privatization Commission official said that since late 2009 a total of 147 state-owned buildings, including factories and government ministry offices, had been sold off.

[Clip]

The National Library went for only about 100 million kyat ($100,000), while the Yadanapon Theater, which belonged to the Myanma Motion Picture Enterprise of the Ministry of Information, fetched more than 920 million kyat (nearly $1 million).

One businessman with close contacts to regime officials suggested that state-run property was being sold off to raise funds for the development of the government quarter in Naypyidaw and help finance the upcoming election.

A retired professor from Rangoon's University of Economics expressed sorrow at the sale of the National Library, saying it contradicted an official statement assuring support for Burmese literature.

Access the Complete Article

Source: The Irrawaddy

See Also: Memorial library opens in Daik-U (via Myanmar Times)

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