US Investment in Burma Forecasted to Increase

RANGOON — US investment in Burma has strong potential to increase this year, experts said at a US-Burma Economic Relations seminar in Rangoon on Monday. Entitled “US-Burma Economic Relations: The Next Phase,” the seminar was jointly organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the United States Chamber […]

State counselor silent on sanctions

The United States is expected to announce today an extension of its economic and military sanctions against Myanmar, with some revisions, in line with recommendations by the new civilian-led government, according to Western diplomats in Yangon and reports from Washington. Sanctions are also likely to feature on the agenda when Secretary of State John Kerry […]

Myanmar expects entry of more US businesses

Representatives of US companies have become frequent guests at the Myanmar Federation of Chamber of Commerce and Industry these days as they explore business opportunities in the long-isolated country. The visits have gathered pace since the National League for Democracy (NLD) won the election and the power transition from military rule appeared to be going […]

Major US Companies Slow to Report Myanmar Investments

More than two months after the United States published the first reports by American companies investing in Burma, big name brands such as Cisco, Coca-Cola, PepsiCo and Visa remain absent from the filings, which are posted on the website of the US Embassy in Burma. American companies putting US$500,000 or more into Burma or investing […]