US Blacklists Myanmar Lawmaker Aung Thaung ahead of Obama’s visit

WASHINGTON — The U.S. Treasury on Friday blacklisted a hard-line lawmaker of Burma’s ruling party, accusing him of undermining political and economic reforms. Human rights activists step welcomed the action against Aung Thaung, who was industry minister under the former ruling junta and a leader of a pro-military organization blamed for mob attacks. His family […]

Ooredoo, Telenor Finally Set to Get Myanmar Telecoms Licenses

YANGON — Qatar’s Ooredoo can begin rolling out a telecommunications network in Myanmar after its license is formally awarded this week, a senior government official said on Wednesday. Myanmar announced in June that Ooredoo and Norway’s Telenor Group had won licenses after a hotly contested bidding process to develop networks in one of the world’s […]

World Bank approves $140 million for Myanmar electricity

WASHINGTON – The World Bank’s board on Tuesday approved a $140 million interest-free loan to fund a more efficient power plant in Myanmar, as the bank seeks to support reforms in the Southeast Asian country. The World Bank has stepped up its engagement with Myanmar, which is rich in resources but underdeveloped after decades of […]