Suu Kyi: Myanmar sitting on unemployment 'time bomb'

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Suu Kyi: Myanmar sitting on unemployment 'time bomb'

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Pro-democracy leader Aung San Suu Kyi has urged foreign firms to invest cautiously in Myanmar, saying the creation of jobs has to be the top priority.

Speaking at the World Economic Forum in Thailand, she described the former Burma as sitting on an unemployment “time bomb”.

Suu Kyi is on her first trip outside Myanmar in nearly a quarter of a century.

“We do not want more investment to mean more possibilities for corruption,” she said.

“We do not want investment to mean greater inequality. We want investment to mean, quite simply, jobs. As many jobs as possible.”

With reforms now being made in Myanmar, many Western sanctions have been suspended – opening up foreign investment opportunities.

However, Suu Kyi warned against “reckless optimism” over the country’s rapid changes.

The Nobel laureate spent 15 years under house arrest under the former junta. Now a member of parliament, she is also pushing for an overhaul of the country’s judicial system.