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 […]

Philippines minning giant Philex to explore Myanmar

Yangon—Myanmar’s business leaders have welcomed the planned entry of the Philippines’ biggest mining firm in its extractive sector, but raised concerns on the need for environmental safeguards to ensure responsible industry development. Federation of Chambers of Commerce and Industry of Myanmar vice president Maung Maung Lay said fresh investments from Philippine firms would be a […]