Myanmar’s formerly blacklisted businessman urges U.S. to delist others

(Reuters) – The first Myanmar businessman to be removed from a U.S. blacklist since the country emerged from military rule said on Thursday that the United States should delist more people so they can partner with American companies to develop the economy. Win Aung and his two companies, Dagon International Ltd and Dagon Timber Ltd, […]

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 […]

Burma’s capital: a super-sized slice of post-apocalypse suburbia

Driving through Naypyidaw, the purpose-built capital of Burma, it could be easy to forget that you’re in the middle of one of south-east Asia’s poorest countries. On either side of the street, a seemingly endless series of giant detached buildings, villa-style hotels and shopping malls look like they have fallen from the sky, all painted […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]