More savings, investment stressed in Myanmar in face of global financial crisis

The official newspaper New Light of Myanmar Wednesday stressed the need for the country to work for more savings and investment in face of the current global financial crisis.

    "Myanmar is enjoying dramatic progress in savings and investment which are crucial for its development. Foreign investment in the nation is also on the gradual increase, the paper said in its editorial, emphasizing that during the global economic crisis, all the countries, developed and developing, have to remain harmonious.

    Noting that the current global financial crisis of a Western country has adverse effects on other countries, the editorial pointed out that European and some Asian countries also face evil, consequences of the crisis.