Court rejects monk’s lawsuit against US Embassy over Buddha image

MANDALAY—A court in Kamayut Township on Thursday rejected a lawsuit filed against the US ambassador and two others by a nationalist for allegedly defaming Buddhism. Nationalist monk U Parmaukha filed the lawsuit against US Ambassador Scott Marciel, the artist who painted the picture and the person who posted the picture on the official Facebook page […]

Hunting for value in Bahan

Property prices in Yangon have been trending downwards in recent years. But now that the rules to the 2016 Condominium Law are gradually being implemented and with economic growth projected by the IMF to rise to 6.6 percent in the next fiscal year compared to 6.4pc this year, it could be time to take a […]

Myanmar clamps down on Buddhist nationalism

In a further sign that Myanmar is clamping down on the spread of ultra-nationalist Buddhism, six monks have been sentenced to 18 months’ hard labour for leading an anti-government protest in Mandalay. The ruling on Wednesday comes days after abbot Parmaukkha, a founder of the ultra-nationalist Ma Ba Tha movement, was denied bale after being […]

Meat demand rises in Myanmar

Meat consumption in Myanmar has grown due to an influx of tourists and investment, while a limited manufacturing base presents new opportunities for international suppliers. Almost 90% of Myanmar’s population are Buddhist and almost a third live below the poverty line, factors which have historically kept meat consumption levels low. Also, Myanmar consumers have tended […]

US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]

US Business Delegation to Arrive After Election: UMFCCI

RANGOON — A delegation of some 80 US business representatives is set to arrive in Rangoon late this year, according to an official from Burma’s chamber of commerce, on the heels of a landmark general election to be held in November. Maung Maung Lay, vice chairman of the Union of Myanmar Federation of Chambers of […]

Trademark Protection – ‘They Realize They’re Stuck with Laws and Concepts That Are Dated’

A set of intellectual property (IP) laws, covering patent, copyright and trademark protections, is slated to go before Burma’s parliament by mid-2015. The legislation, currently being drafted by Burma’s Ministry of Science and Technology, is expected to bring Burma into line with its obligations under the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights […]

Secretary of State beds down with blacklisted businessman

US Secretary of State John Kerry touted the significance of what remains of his country’s sanctions regime against Myanmar on Sunday, describing it as a sign that Washington is keen to avoid rushing its engagement with Nay Pyi Taw. But the strength of his message, which talked up the importance of targeted sanctions, was tempered […]

US commerce head touts stronger ties

US secretary of Commerce Penny Pritzker oversaw the opening of a commercial services office in Yangon on June 6 as the US looks to strengthen economic ties with Myanmar after decades of severely limited engagement hampered by strict sanctions. The commercial services office will operate out of the US Embassy in Yangon and will serve […]

American Chamber of Commerce to Launch Myanmar Chapter

The American Chamber of Commerce (AMCHAM) will launch a Burma chapter at the end of the month, another signal that businesses from the United States are showing a greater interest in a country that was off-limits to most American investors until-mid 2012. The launch event will take place at Rangoon’s Chatrium Hotel on Oct. 31 […]