US and Myanmar agree to game-changing initiatives

In addition to the lifting of US sanctions on Myanmar that came as a result of a historic meeting at The White House yesterday between US President Barack Obama and State Counsellor Daw Aung San Suu Kyi, there will be several other initiatives that were agreed upon in Washington, including global health security and improved […]

Ahead of Suu Kyi visit, Obama weighs Myanmar sanctions relief

The United States is considering further easing or lifting sanctions against Myanmar around the time of a White House visit this month by the country’s new leader, Aung San Suu Kyi, U.S. officials told Reuters. President Barack Obama is expected to decide on the extent of the sanctions relief after consultations between Suu Kyi and […]

With Sanctions Eased, US Sees Economic Potential in Myanmar

STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely untouched by Western companies. The United States imposed heavy economic sanctions on Myanmar in 1997 over the ruling military junta’s repression […]

US approves $21m assistance to Myanmar

YANGON – The United States will provide an additional US$21 million (Bt730 million) in assistance to Myanmar, to promote economic growth and capacity building for long-term development in the country. The initiative will support the government’s goal of tripling exports in five years; strengthen the ability of the government and the legal system to provide […]

US human trafficking report blacklists Myanmar

WASHINGTON: The United States on Thursday blacklisted eight more countries for failing to combat human trafficking, including fledgling democracy Myanmar, but was criticised for taking an easier line on Thailand. Announcing the release of the State Department’s annual human trafficking report, Secretary of State John Kerry insisted the rankings were based on objective criteria, and […]

In Burma’s wildest corner, jade, drugs and rebels will test the new government

MYITKYINA, Burma — The jade tycoon of Burma lives behind stone walls and a sophisticated security system. A visitor must be buzzed through a gate into the garden, pass a hunk of jade as big as a compact refrigerator, enter through a sliding screen and glide by the preserved tusks of the family elephant before sitting […]

New Myanmar government brings challenges for Tokyo

With Wednesday’s installation of a new government in Myanmar that will effectively be led by pro-democracy icon Aung San Suu Kyi, the Southeast Asian nation has arrived at a crossroads in its relationship with Japan. After more than 50 years of military rule, Htin Kyaw, a key aide to Suu Kyi, took over the same […]

UN Hails Myanmar’s Historic New Parliament

The UN has added its powerful voice of support for the dramatic leadership changes happening now at all levels in Myanmar’s government. When U.Thant of Burma (now Myanmar) was elected UN Secretary-General back in November 1962, he was the first Asian to hold that post after Trygve Lie of Norway and Dag Hammarskjold of Sweden. […]

U.S. removes prominent Myanmar businessman U Win Aung from sanctions list

WASHINGTON – The United States removed a prominent businessman from its Myanmar sanctions list on Thursday, in spite of doubts about reforms in the Southeast Asian country. Win Aung, the head of Myanmar’s chamber of commerce whose Dagon International construction firm won contracts to help build the country’s nine-year-old capital of Naypyitaw, was removed from […]

Myanmar launches export strategy to connect smaller firms to global economy

(Reuters) – Myanmar on Tuesday launched an export strategy aimed at strengthening smaller companies, which is a departure from 49 years of military rule when a few large firms dominated the economy, said the International Trade Centre (ITC). Myanmar’s economy was eviscerated by poor management and corruption under the former military government, and Western countries […]