Myanmar’s Preservation Man Pursues Dream Museum

YANGON — Khin Shwe does not like to be called a “crony” — the label used to describe the wealthy Myanmar businessmen who enjoyed close relations with the previous military regime of Senior Gen. Than Shwe (1992-2011). “Now, all the Myanmar people think cronies are no good, and even the government doesn’t want to work […]

Myanmar mulls reforms to meet infrastructure funding

YANGON — With Myanmar mired in the Rohingya humanitarian crisis and few signs of any short-term solution, Aung San Suu Kyi’s government is struggling to maintain recent efforts to shore up the economy as uncertainty assails investment confidence and domestic sentiment. The government is facing an international outcry over its handling of the Rohingya refugee […]

US terminated remaining sanctions against Myanmar on 7 Oct 2016

On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. That means the following group of people and entities have been removed from the US Sanction List […]

Complete List of 204 entities and individuals removed from the US Sanction List for Burma

The following deletions have been made to OFAC’s SDN List for Burma as of 7/10/2016:   STATE PEACE AND DEVELOPMENT COUNCIL OF BURMA [BURMA].   SHWE, Than; DOB 02 Feb 1935; alt. DOB 02 Feb 1933; nationality Burma; citizen Burma; Senior General, Minister of Defense and Commander-in-Chief of Defense Services; Chairman, State Peace and Development […]

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 […]

Myanmar Investment Commission to Reform in June

RANGOON —The Myanmar Investment Commission (MIC) will be reformed this month in line with the Myanmar Investment Law, said Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA). “Each MIC term is only three years, so it’s time for new members to be appointed,” he said. The commission, which […]

Cronies Disappointed As US Sanctions Extended

RANGOON — In wake of the extension of most of the US sanctions on Burma on Tuesday, several cronies have remained on the Specially Designated Nationals (SDN) list, despite the expectation that they would be removed. Sanctioned businessman Khin Shwe, chairman of the Zay Kabar Group of companies, told The Irrawaddy, “Some people have suggested […]

Myanmar’s former ruling party expels members seen as close to Aung San Suu Kyi

NAYPYIDAW (BLOOMBERG) – Myanmar’s military-backed Union Solidarity and Development Party (USDP) has expelled 17 members seen as co- operating with Ms Aung San Suu Kyi, said former ruling party lawmaker Khin Shwe, who was among those kicked out. All those expelled were close to Mr Shwe Mann, the former speaker of Parliament, who was removed […]

USDP Member Khin Shwe Defends His Support for Suu Kyi

Khin Shwe, a distinguished member of the Union Solidarity and Development Party (USDP), has disavowed rumors that he is facing expulsion from the party over his support for the opposition in a Nov. 8 general election. Speaking to The Irrawaddy on Friday, Khin Shwe confirmed that he was summoned by party officials for questioning a […]

In Myanmar on cusp of change, former junta ‘crony’ sees business as usual

Aung San Suu Kyi’s landslide election win might be bad news for Myanmar businessmen like construction magnate Khin Shwe, who lost his parliament seat and remains barred from doing business with U.S. nationals due to his ties to the former junta. Or maybe not. Sitting comfortably on a beige leather sofa in his plush Yangon […]