Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

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 […]

Solving Southeast Asia’s Drug Problem

The Obama administration has once again named Myanmar and Laos to its list of twenty-two countries determined to be major drug trafficking countries or major drug transit countries. The White House memo, issued on Monday, noted that Myanmar “failed demonstrably during the last twelve months to make sufficient or meaningful efforts to adhere to their […]

West hurting only itself with economic sanctions on Myanmar

Myanmar’s opening up has attracted much interest, not only from its Asian neighbours but also those in the West that once considered the country a pariah state. Recent events, however, suggest that Naypyidaw’s honeymoon with the United States and Europe may be waning over political issues. In contrast, China and others remain ready to engage, […]

Obama’s West Point Speech Sparks Reaction in Myanmar

RANGOON — Politicians and activists in Rangoon have expressed mixed reactions after President Barack Obama claimed reform in Burma, also known as Myanmar, as a success for U.S. foreign policy. In a speech to graduates of the West Point military academy on Wednesday, Obama said that with the courage of the Burmese people, U.S. diplomatic […]

Myanmar brushes off limited US sanctions renewal

YANGON: Myanmar on Friday shrugged off US President Barack Obama’s decision to renew some sanctions against the country in order to spur continued reform, in a move that highlighted fears over continued rights abuses. Obama said sanctions restricting certain investments should be renewed because the former military-run nation still poses “an unusual and extraordinary threat […]

New and Improved Airports Needed as Myanmar’s Tourism Grows, Officials Say

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be […]

Myanmar pipeline project gives China pause for thought

China National Petroleum Corporation (CNPC) on June 4 announced the completion of its Sino-Myanmar gas pipeline project (Myanmar section), signaling that it is ready to enter trial production. The oil pipeline between the two countries is currently 94 percent complete. As China’s fourth largest strategic energy import channel, the China-Myanmar Oil and Gas Pipeline Project, […]

Myanmar’s Moment? 8 reasons to be optimistic about Southeast Asia’s rising tiger

Myanmar is attracting a lot of attention these days. The visit by President Thein Sein to Washington in May, the first by a leader of Myanmar since 1966, included a meeting with President Barack Obama — marking an emphatic end to the years of international isolation. But it is not only Myanmar’s change of political […]

American fast food chain playing catchup in Yangon

The first Ya Kun store will be slated to open in the 1st week of June 2013 at the front of the new Parkson Department Store along the strategic Bogyoke Aung Sang Road. As the new Parkson Department Store is next to the historic Bogyoke Aung San Market – which is a must visit for […]