US Urges Burma to end North Korea Military Ties

WASHINGTON — Pockets within the Burma military may still be cooperating with North Korea although the new civilian government and the military leadership oppose such ties, a senior US official said Wednesday. During Burma’s years of international isolation, its then-ruling junta bought defense equipment from North Korea. The US has been pressing Burma to cease […]

Aung San Suu Kyi calls for investment after Obama pledges Myanmar sanctions relief

WASHINGTON: Myanmar leader Aung San Suu Kyi urged businesses to invest in the Southeast Asian country on Thursday (Sep 15) as a way to advance its democratic transition, a day after US President Barack Obama pledged to lift long-standing sanctions on the country. Aung San Suu Kyi, speaking in Washington, said that economic development spurred […]

Myanmar’s Foreign Policy Rebalance

The country’s shift in its alignments is about more than just China and the United States. Myanmar’s new government is making its international debut. In mid-August 2016, Beijing welcomed Aung San Suu Kyi on her first visit to China since becoming Myanmar’s state counselor and foreign minister. This followed her trips to Myanmar’s ASEAN neighbors […]

How Investors Helped Myanmar Telecoms

In 2010, when Myanmar held historic elections that would reduce the influence of the military and put the country on a path to democratic rule, it was a country that had endured decades of isolation. Less than 3 percent of the populations had mobile phones. This lack of connectivity limited not only access to service […]

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 […]

Wary of China, India Moves to Woo a New Myanmar

Days after Aung San Suu Kyi made a high-profile trip to China as foreign minister of Myanmar, Indian External Affairs Minister Sushma Swaraj visited Mynamar in the first high-level visit from India after the civilian government assumed office in Naypyitaw. Myanmar’s President Htin Kyaw is on a four day visit to India as well this […]

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 […]

Overseas expansion plans heat up at Myanmar banks

Aya Bank plans to open representative offices overseas, while competitor KBZ Bank says it has applied to move into countries such as Japan and South Korea, in a sign that Myanmar’s banks are growing bolder in exploring overseas markets. If successful, AYA would become the second Myanmar lender to expand beyond national borders – KBZ became […]

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 […]

Overseas Private Investment Corporation to Disburse $250 Million Investment in Telecom Tower Infrastructure Project

NEW YORK & SAN FRANCISCO & WASHINGTON & YANGON, Myanmar–(BUSINESS WIRE)–The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, today announced that it has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar Limited, based in Yangon. The disbursement marks OPIC’s first financing in the country as well […]