AMCHAM Myanmar Encourages U.S. Banks to Enter Myanmar Market

The American Chamber of Commerce in Myanmar (AMCHAM Myanmar) recently led a financial services business delegation to Yangon and Nay Pyi Taw consisting of 13 companies to meet with government representatives and local banks from July 24-26. The goal of the mission was to help U.S. financial institutions, including banks and insurance companies, get a […]

Myanmar Firm Building $12m Industrial Park in Push to Modernise Agriculture

​​ The Myanmar Ag­ribusiness Pub­lic Corporation is building a $12 million in­dustrial park in the delta region in a bid to push up the quality of Myanmar’s farming produce and at­tract investment. The park in Myaungmya township, about 150 kilo­metres west of Yangon, is slated for completion in late 2018, but already has basic infrastructure […]

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 […]

US unlikely to lift sanctions in 2016

Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. Various individuals and organisations – international and domestic – have called for the US to lift sanctions against Myanmar, following […]

U.S. Plans to Ease Myanmar Trade Sanctions

The U.S. Treasury Department is preparing to make it easier for American companies to do business through a port in Myanmar that is owned by a sanctioned company whose reclusive owner has close ties to the ruling military junta. Since July, U.S. banks have been wary of processing payments for trade through the main port […]