US terminated remaining sanctions against Myanmar on 7 Oct 2016

On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. That means the following group of people and entities have been removed from the US Sanction List […]

Complete List of 204 entities and individuals removed from the US Sanction List for Burma

The following deletions have been made to OFAC’s SDN List for Burma as of 7/10/2016:   STATE PEACE AND DEVELOPMENT COUNCIL OF BURMA [BURMA].   SHWE, Than; DOB 02 Feb 1935; alt. DOB 02 Feb 1933; nationality Burma; citizen Burma; Senior General, Minister of Defense and Commander-in-Chief of Defense Services; Chairman, State Peace and Development […]

Time to re-look your investment plan in Myanmar as Obama pledges to lift all remaining sanctions against Myanmar

President Obama this morning pledge that the US will lift all remaining sanction s against Myanmar after meeting Daw Aung San Suu Kyi at the Oval Office.   Currently the last remaining Myanmar tycoons on the SDN List are Steven Law of the Asia World Group U Zaw Zaw of the Max Myanmar Group U […]

US eases Myanmar sanction to aid business

Photo Credit: File Photo from Nov. 14, 2014  meeting between Obama and Aung San Suu Kyi in Yangon (Nyein Chan Naing / European Press Photo Agency) The US government has removed 3 government banks and 7 government agencies responsible for promoting investment and export in various sectors of this resource rich country off the sanction […]

In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

To Court or Clamp Down? The NLD and Burma’s Cronies

RANGOON — With the National League for Democracy (NLD) set to take power on April 1, political and economic observers will be closely watching for change, including whether the rampant cronyism that dogged the country for decades under successive military-backed administrations, will continue unchecked. While it is no secret that Burma’s top brass has long […]

Tay Za-Owned Hotel Barred from Hosting Political Trainings

RANGOON — A hotel owned by Burmese business tycoon Tay Za in the country’s capital has been warned by the Naypyidaw Council against sponsoring trainings for political parties. The notification letter, signed by Col. Min Naung of the council and addressed to Htoo Construction Development Group, stated that 10 companies had in the past been […]

Air Bagan Temporarily Ceases Operations

Local carrier Air Bagan has temporarily suspended its operations in order to perform maintenance on its fleet of three airplanes. Air Bagan, which was established in 2004, has difficulties in buy or lease more aircraft due to US economic sanctions, or acquire necessary spare parts for its two ATR42-320s and one ATR72-500 aircraft, resulting in […]

Foreign Investors Rethink Enthusiasm on Myanmar’s Aviation Sector

ANA’s Cancellation of Deal With Asian Wings Exemplifies Fading Interest YANGON, Myanmar—Once thought to be one of Myanmar’s most promising sectors, aviation is losing its shine with foreign investors, offering a window into the slowdown in investment into the country. With the number of visitors to the country expected to hit a record three million […]

How does one get off the US Sanction List?

Based on the discussion that I had with a US Embassy official in Yangon on their recent activity in inviting Myanmar people (eg Tay Za of Htoo & Company and Steven Law of Asia World) on the OFAC SDN List for a discussion on what they can do to remove themselves from the SDN List […]