The European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]
Blacklist not eligible for Permanent Residency in Myanmar
December 8, 2014 by
People who are on Myanmar’s blacklist and Myanmar nationals who took up citizenship abroad will not be eligible to apply for Permanent Residency in Myanmar, General U Maung Maung Than, director-general of the Department of Immigration and National Registration told Mizzima December 3. “The relevant ministry, in cooperation with experts, will scrutinise applications for Permanent […]
US Blacklists Myanmar Lawmaker Aung Thaung ahead of Obama’s visit
November 3, 2014 by
WASHINGTON — The U.S. Treasury on Friday blacklisted a hard-line lawmaker of Burma’s ruling party, accusing him of undermining political and economic reforms. Human rights activists step welcomed the action against Aung Thaung, who was industry minister under the former ruling junta and a leader of a pro-military organization blamed for mob attacks. His family […]
Sanctions Make Myanmar Business Difficult, Not Impossible
August 28, 2014 by
Myanmar’s 2011 shift to a civilian government, after decades of military dictatorship, shocked observers and paved the way for dizzying changes in the country’s economy. Companies are now eying opportunities in Myanmar, as a rapid easing in U.S. sanctions is making business in the country feasible for the first time in years. Still, while the […]
Information on Responsible Business Practices Largely Absent: Survey
July 25, 2014 by
Most Burmese companies provide little to no information on whether they have policies on responsible business practices, a survey among 60 major firms has found, and almost half did not even have a website with general information about their activities. A report by the Myanmar Center for Responsible Business, released on Tuesday, surveyed how much […]
