State counselor silent on sanctions

The United States is expected to announce today an extension of its economic and military sanctions against Myanmar, with some revisions, in line with recommendations by the new civilian-led government, according to Western diplomats in Yangon and reports from Washington. Sanctions are also likely to feature on the agenda when Secretary of State John Kerry […]

Business lobby calls for U.S. to drop sanctions on Myanmar

WASHINGTON — The U.S. business lobby says it is high time to drop the remaining U.S. sanctions on Myanmar, but human rights activists and U.S. lawmakers say not so fast. Former political prisoner Aung San Suu Kyi is now running the government after winning elections. Still, the military continues to wield considerable power. That poses […]

US to renew most Myanmar sanctions with changes to aid business

WASHINGTON: The United States plans to renew the bulk of its sanctions against Myanmar when they expire next week, but will make some changes aimed at boosting investment and trade, according to several senior U.S. officials and congressional aides. An announcement on extending much of the International Emergency Economic Powers Act, or IEEPA, could come […]

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 […]

Focus on closing the ASEAN economic gap: minister

Minister of national planning and economic development U Kan Zaw called for efforts to close the economic gap between different ASEAN countries during his opening address of the 46th ASEAN Economic Ministers meeting in Nay Pyi Taw on August 25. Macroeconomic stability, streamlining regulations and investment in infrastructure and human resources are key areas to […]

U.S. Pushes Myanmar Firms to Get Off Blacklist

The U.S. is telling Myanmar companies it once designated as cronies of Myanmar’s former military junta now may be the time to get off the American blacklist. The effort highlights just how much of Myanmar’s economy remains under sanctions and the challenge for companies seeking to wade into the new terrain. State Department officials met […]

Brand USA’s Opportunity in Myanmar

This week, U.S. Secretary of Commerce Penny Pritzker is leading a delegation of American CEOs to Myanmar – a country whose opening remains filled with peril and promise. Escalating violence against Myanmar’s Muslims has caused more than a thousand deaths; the destruction of more than ten thousand homes, mosques, and schools; and the displacement of […]

American Chamber of Commerce to Launch Myanmar Chapter

The American Chamber of Commerce (AMCHAM) will launch a Burma chapter at the end of the month, another signal that businesses from the United States are showing a greater interest in a country that was off-limits to most American investors until-mid 2012. The launch event will take place at Rangoon’s Chatrium Hotel on Oct. 31 […]