Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Singapore minister pessimistic on Myanmar, says resolution may take time

Published 03/29/2021, 08:35 PM
Updated 03/29/2021, 08:40 PM
© Reuters.

SINGAPORE, March 29 (Reuters) - Singapore's foreign minister
Vivian Balakrishnan has called the situation in Myanmar "an
unfolding tragedy" that will take time to overcome, and said it
was essential for Southeast Asian countries to have a position
on how to respond.
"It is going to take quite some time to resolve. I must
confess to you that I am pessimistic," Balakrishnan told local
media, according to a transcript released on Monday.
Balakrishnan has spoken strongly over the Myanmar military's
Feb 1 coup and its deadly crackdown on demonstrators and has
been pushing for the Association of Southeast Asian Nations
(ASEAN) to play a role in finding a way out of the crisis.
He spoke to local media on Friday after meeting with
Indonesian leaders in Jakarta. He had also visited Malaysia and
ASEAN chair Brunei earlier in the week.
ASEAN operates by consensus but the divergent views of its
10 members on how to respond to the army's use of lethal force
against civilians and the group's policy of non-interference in
each others' affairs has limited its ability to act.
Malaysia, Indonesia and the Philippines have pushed for an
urgent high-level meeting on Myanmar and have condemned the
crackdown, which has killed 462 people, according to activists.
Singapore said it supports such a meeting.
"It is essential for ASEAN's credibility, centrality and
relevance to have a view, have a position and to be able to
offer some constructive assistance to Myanmar," Balakrishnan
said. "But do not expect quick solutions."
Balakrishnan also said it was "essential for ASEAN to
consider, to contemplate, to support and to be a constructive
presence inside Myanmar. He said he hoped Myanmar would take
into consideration the views of ASEAN leaders.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.