Burma's National Library sold to private investors

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

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.


Fore More details: http://www.irrawaddy.org/article.php?art_id=18624