Election jitters as MIC gives permits

The Myanmar Investment Commission has permitted 11 more investments this week. Some claim this a sign that foreign business interest continues even as the election nears, though other experts say they may simply be older investments looking to solidify their status. A total of seven of the 11 investments are from foreign entities, with most […]

US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]