(Reuters) – Myanmar “feels sad” over a U.S. decision to sanction a military general, a government spokesman said, after Washington linked the commander last week to abuses against the Rohingya Muslim minority. “This targeted sanction is based on unreliable accusations without evidence, as we have repeatedly said, so we feel sad for that,” Zaw Htay, […]
US Slaps Sanctions on Myanmar General Over Rohingya Campaign
December 27, 2017 by
The United States imposed sanctions Thursday on a Myanmar army chief accused of leading an ethnic cleansing campaign against Rohingya Muslims. Myanmar General Maung Maung Soe was among 52 accused human rights abusers worldwide who are targeted by U.S. Department of Treasury sanctions. Also included was former Gambian President Yahya Jammeh, who the U.S. said […]
Qatar Airways to boost Myanmar garment export
November 28, 2017 by
Qatar Airways Cargo has commenced direct freighter service to Yangon, Myanmar – providing more than 60 tonnes of cargo capacity on the Doha-Yangon-Doha route. The carriers acting chief officer Cargo, Guillaume Halleux, said: “We are delighted to launch our eighth freighter destination for 2017, in line with our strategic expansion to our network and fleet. […]
Change in fiscal year insufficient to address shortfalls in budget process
October 25, 2017 by
While seen as positive, Nay Pyi Taw’s proposed change of fiscal year alone cannot address the lack of flexibility in the annual budgeting process, according to businesses. The adoption of multi-year budgeting should be implemented instead. Lawyers, investors and financiers told The Myanmar Times that while changing the fiscal year could bring some advantage to […]
UOB puts focus on Asean investment
September 12, 2017 by
UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]
Govt urged to establish Belt and Road taskforce
September 6, 2017 by
From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]
Lotte Hotel to open chain in Myanmar next month
August 3, 2017 by
Lotte Hotel & Resorts, the hotel arm of South Korean retail giant Lotte Group, said Tuesday it will open its eighth foreign hotel chain in Myanmar next month, as it attempts to tap deeper into overseas market. Lotte Hotel & Resorts said the new hotel in Yangon, the former capital city of the Southeast Asian […]
Myanmar better off in good graces with the West
Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]