Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]

Blacklist not eligible for Permanent Residency in Myanmar

People who are on Myanmar’s blacklist and Myanmar nationals who took up citizenship abroad will not be eligible to apply for Permanent Residency in Myanmar, General U Maung Maung Than, director-general of the Department of Immigration and National Registration told Mizzima December 3. “The relevant ministry, in cooperation with experts, will scrutinise applications for Permanent […]

US Blacklists Myanmar Lawmaker Aung Thaung ahead of Obama’s visit

WASHINGTON — The U.S. Treasury on Friday blacklisted a hard-line lawmaker of Burma’s ruling party, accusing him of undermining political and economic reforms. Human rights activists step welcomed the action against Aung Thaung, who was industry minister under the former ruling junta and a leader of a pro-military organization blamed for mob attacks. His family […]

Sanctions Make Myanmar Business Difficult, Not Impossible

Myanmar’s 2011 shift to a civilian government, after decades of military dictatorship, shocked observers and paved the way for dizzying changes in the country’s economy. Companies are now eying opportunities in Myanmar, as a rapid easing in U.S. sanctions is making business in the country feasible for the first time in years. Still, while the […]

Information on Responsible Business Practices Largely Absent: Survey

Most Burmese companies provide little to no information on whether they have policies on responsible business practices, a survey among 60 major firms has found, and almost half did not even have a website with general information about their activities. A report by the Myanmar Center for Responsible Business, released on Tuesday, surveyed how much […]