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PricewaterhouseCoopers Pulls Out Of Burma - 2003-11-28


A human rights group has confirmed that the international accountancy group, PricewaterhouseCoopers, is the latest big company to pull out of Burma.

The London-based UK Burma Campaign says the company gave up interest in a Burmese investment consultancy.

The director of the human rights group (John Jackson) welcomed the move. He says foreign investment has played a key role in keeping Burma's military dictatorship in power.

The Burma Campaign had featured PricewaterhouseCoopers on its so-called "Dirty List" of international companies operating in Burma.

Earlier this month, the British American Tobacco company severed ties with Rangoon and Premier Oil has also pulled out of the country.

Britain has asked all British companies and investors to end relations with Burma, saying it is not appropriate to deal with a country that fails to respect basic human rights.

Information for this report is provided by Reuters.

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