New Investment Law Hailed as ‘Essential’ to Development

Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

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 […]

US and Myanmar agree to game-changing initiatives

In addition to the lifting of US sanctions on Myanmar that came as a result of a historic meeting at The White House yesterday between US President Barack Obama and State Counsellor Daw Aung San Suu Kyi, there will be several other initiatives that were agreed upon in Washington, including global health security and improved […]

Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

Time to re-look your investment plan in Myanmar as Obama pledges to lift all remaining sanctions against Myanmar

President Obama this morning pledge that the US will lift all remaining sanction s against Myanmar after meeting Daw Aung San Suu Kyi at the Oval Office.   Currently the last remaining Myanmar tycoons on the SDN List are Steven Law of the Asia World Group U Zaw Zaw of the Max Myanmar Group U […]

China faces tougher laws in Myanmar

In the wake of the controversial Myitsone dam, Aung San Suu Kyi is demanding more from investors involved in high risk projects, reports Vicky Bowman A new government took power in Myanmar on March 31, 2016, led in practice, if not on paper, by Daw Aung San Suu Kyi.  Governments and businesses around the world are keenly […]

Myanmar businesses want policies & directions from government

LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future. There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further […]

The fight for resources in Myanmar’s deep south

Tanintharyi Region, the southern tip of Myanmar, abounds with natural resources and the problems associated with them. Residents in the isolated region face over-mining by foreign companies, the proposed development of a deep-sea port, an oil refinery and a special economic zone, mechanised farming of rubber and palm oil, an illegal trade in timber, overfishing, […]

India offers to aid Myanmar in boosting agriculture, healthcare

India on Thursday offered to assist Myanmar in the area of public healthcare and provide support in boosting agricultural production. The offer was made by Commerce Minister Nirmala Sitharaman at the India Myanmar Business Conclave held at Myanmarese capital Yangon, according to an Indian commerce ministry statement in New Delhi. “India can cooperate in boosting […]