US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]

Myanmar’s formerly blacklisted businessman urges U.S. to delist others

(Reuters) – The first Myanmar businessman to be removed from a U.S. blacklist since the country emerged from military rule said on Thursday that the United States should delist more people so they can partner with American companies to develop the economy. Win Aung and his two companies, Dagon International Ltd and Dagon Timber Ltd, […]