Targeted Myanmar tycoon may profit from US sanctions changes

YANGON, May 18 (Reuters) – Standing among the party seeing off Myanmar’s new president as he left for Russia on Wednesday was leading businessman Htun Myint Naing, better known as Steven Law. Only the day before, the United States had added six of his companies to the Treasury’s blacklist, a move that is unlikely to […]

Wage war

Negotiations are currently being held in Rangoon which may pave the way for an official minimum wage in Burma. A workshop between employees’ representatives, international labour organisations, government officials and the parliament-appointed National Committee for National Wage (NCNW) began on Sunday at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and […]

Myanmar needs more infrastructure

MUSE, Myanmar — Towering apartment blocks are going up on the northern bank of the Shweli River in the border town of Ruili, in China’s Yunnan Province. On the opposite river bank, in Myanmar’s Shan State, the ground is being prepared for something similar in Muse. In the late 1930s, the ancient trade and migration […]