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Myanmar and ASEAN A Great Unknown to Trump

Eric Rose is lead director of Herzfeld Rubin Meyer & Rose (“HRMR”), the first US law firm established in Myanmar. HRMR is a founding member of the American Chamber of Commerce Myanmar, and Mr Rose serves on its Executive Committee, and also chairs its HR Committee. In an exclusive interview with the Myanmar Times, he […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]

Battling for Blood Jade: Inside One of the World’s Most Dangerous Industries

When the earth collapsed, as it does nearly every day in the jade hills of Myanmar, Ye Min Naing was poised on a steep slope of rubble and scree. It was a rainy night six months ago, at the tail end of the monsoons. A truck with wheels the height of a man had just […]

Myanmar’s Max Looking for Financial Services, Banking Partners

Max Myanmar Holding Co., a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Deadly Jade Landslide Shines Light on Pitfalls For Investors Eyeing Murky Industry

​​ A landslide in Kachin’s infamous jade mining region has killed at least 20 people, according to reports, in the latest disaster to blight the murky industry. Another two people were injured when a 400ft mound of debris in Hpakant gave way last Wednesday, burying foragers who were searching for fragments of precious stones, according […]

Myanmar’s Suu Kyi in pitch to Foreign Investors After Obama Lifts Sanctions

NAYPYITAW Myanmar leader Aung San Suu Kyi on Saturday made a pitch to foreign investors, promising a clearer legal framework and opportunities in untapped economic sectors, two weeks after U.S. President Barack Obama lifted most sanctions on the country. Since taking power in April, Suu Kyi has been criticized for delays in forming a commission […]

Myanmar Shifts Gears to Drive Growth in Small Business

Aung San Suu Kyi on Saturday set out to promote an overhauled investment law to a new generation of smaller businesses that her government hopes will one day dilute the influence of Myanmar’s old military-linked oligarchs. The new blueprint aims to level the playing field between foreign and local businesses in Myanmar. It was signed […]

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 Embassy in Yangon announces US$10million loan programme for Myanmar SMEs

State Counsellor Daw Aung San Suu Kyi’s visit to the United States illustrated the strong and growing friendship between Myanmar and the US, said US Ambassador to Myanmar Scot Marciel during a news conference at the US Embassy in Yangon yesterday. “The United States is committed to supporting the people of Myanmar and their government […]