On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. That means the following group of people and entities have been removed from the US Sanction List […]
The sanctions game: US mulls rewriting Myanmar blacklist
September 5, 2016 by
Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Rolling back US sanctions on Myanmar will top the agenda Wednesday as President Barack Obama hosts democracy champion Aung San Suu Kyi, with American firms desperate to tap millions of consumers once cut off by the former junta. […]
US eases Myanmar sanction to aid business
May 17, 2016 by
Photo Credit: File Photo from Nov. 14, 2014 meeting between Obama and Aung San Suu Kyi in Yangon (Nyein Chan Naing / European Press Photo Agency) The US government has removed 3 government banks and 7 government agencies responsible for promoting investment and export in various sectors of this resource rich country off the sanction […]
US unlikely to lift sanctions in 2016
March 3, 2016 by
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 […]
Myanmar a letdown for US Companies
September 2, 2015 by
Buzz Over Post-Sanctions Myanmar Fades for Many U.S. Investors Initial rush for opportunities turns to disenchantment as political changes lag behind YANGON, Myanmar- Many people thought this would become one of the hottest new markets for American capital a few years ago, when the country began opening to the West after decades of military rule. […]
Why are Singapore companies so prolific in Myanmar?
May 12, 2015 by
Based on the latest statistics that I received from the Myanmar Department of Investment and Company Administration. As of the end of the Myanmar financial year 31st March 2015 Singapore is the leading investor in Myanmar. One in every four companies opened by foreigners in Myanmar is from Singapore. Out of 4,324 foreign owned companies […]
U.S. removes prominent Myanmar businessman U Win Aung from sanctions list
April 24, 2015 by
WASHINGTON – The United States removed a prominent businessman from its Myanmar sanctions list on Thursday, in spite of doubts about reforms in the Southeast Asian country. Win Aung, the head of Myanmar’s chamber of commerce whose Dagon International construction firm won contracts to help build the country’s nine-year-old capital of Naypyitaw, was removed from […]
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 […]
