MPU-Payment System for Licences to Roll Out

A Myanmar Payment Union (MPU) system for trade-related payments between the Ministry of Commerce and traders involved in export and import has been recently finalised, according to U Khin Maung Lwin, assistant secretary at the ministry. “It is mainly for payment of licence fees to the Ministry of Commerce. Currently, [businesspersons] have to go to […]

U.S. Urges Myanmar Nationals to Work Harder to Get Off Sanctions List

The U.S. is urging Myanmar nationals hit with economic sanctions to work harder to remove themselves from the blacklist, a move that could enable American businesses to access a wider network of contacts in the quickly opening country. The list—administered by the U.S. Treasury department—freezes the assets of around 200 individuals, companies and other entities […]