Myanmar welcomes US move to ease more sanctions

YANGON – A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi’s civilian government said Wednesday, welcoming the move. Suu Kyi’s party took power in March after clinching a majority at last year’s election, the freest in generations for […]

Burmese Banks Fret Over Foreign Competition

YANGON — Private Burmese banks are calling on the country’s Central Bank to be more transparent in plans to grant limited operating licenses to foreign banks next month. After decades of isolation under a military junta, Myanmar’s banking sector is opening to foreign competition in a bid to attract foreign investment into the economy. Executives […]