Nearly 1,300 motor vehicles unclaimed at Yangon ports for over a year

Nearly 1,300 cars which have gone unclaimed at Yangon ports for over a year will be confiscated and not allowed to be withdrawn even with payment of fines, it is learnt from the Myanma Port Authority. Ships load motor vehicles at seven ports — Myanmar International Terminals Thilawa, No.4 Thilawa Port, Myanmar Industrial Port, Sule […]

Easing of US sanctions on Myanmar to boost trade and investment

THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]

US banks call for waiver on Asia World port

The Clearing House Association – which is owned by many of the world’s largest commercial banks – and the Bankers Association of Finance and Trade (BAFT) wrote to the Office of Foreign Assets Control (OFAC) in July, after discovering that a significant amount of trade, including from the US, moves through AWPT. The port is […]