Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

US hikes investment ceiling for Myanmar reporting

The US intends to raise the minimum amount of investment that triggers reporting requirements for its firms in Myanmar, although there are doubts that the move would trigger much of an increase in investment. Senior US administration officials said on May 17 that as part of actions to help trade, investment and the new government, […]

US unlikely to lift sanctions in 2016

Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. Various individuals and organisations – international and domestic – have called for the US to lift sanctions against Myanmar, following […]

Myanmar a letdown for US Companies

Buzz Over Post-Sanctions Myanmar Fades for Many U.S. Investors Initial rush for opportunities turns to disenchantment as political changes lag behind YANGON, Myanmar- Many people thought this would become one of the hottest new markets for American capital a few years ago, when the country began opening to the West after decades of military rule. […]

Myanmar aims for US duty free by 2014

Myanmar’s exporters stand to benefit from duty-free access to the United States by the end of the year under the US Generalized System of Preferences, experts say. The Ministry of Commerce said Myanmar must prove that it has improved labour rights and its property laws in line with the international standards provided by foreign institutions. […]

US investment in Myanmar focus on natural resources, infrastructure and agriculture

Five broad sectors most interest American business people, including natural resource extraction and consumer goods manufacturing through companies such as Colgate, Pepsi Co and Coca-Cola, trade experts said. Other US interests lie in infrastructure development for electricity production and distribution, road construction, and agriculture; where US firms can provide mechanical equipment as well as seeds […]