Targeted Myanmar tycoon may profit from US sanctions changes

YANGON, May 18 (Reuters) – Standing among the party seeing off Myanmar’s new president as he left for Russia on Wednesday was leading businessman Htun Myint Naing, better known as Steven Law. Only the day before, the United States had added six of his companies to the Treasury’s blacklist, a move that is unlikely to […]

Myanmar’s Aung San Suu Kyi meets China counterpart Wang Yi in foreign minister debut

YANGON (AFP) – Myanmar’s foreign minister Aung San Suu Kyi met her Chinese counterpart on Tuesday (April 5) in the first diplomatic foray of her new pro-democracy government, underscoring the importance of relations with Beijing. The nation sees its giant neighbour – and largest trading partner – as its biggest foreign policy preoccupation, with border […]

Gold rush slows ahead of elections

Bangkok (dpa) – When Myanmar began its political reforms in 2011, firms around the world salivated at the prospect of investing in the resource-rich and largely undeveloped country. But four years later there are signs that the rush to invest is being slowed by dragging market reforms and the country’s turbulent politics. Before 2011, Myanmar’s […]