Asia Top News and Analysis Myanmar

  • SAMUT SAKHON, Thailand— Facing international pressure for failing to stop human trafficking in its seafood sector, Thailand promised almost a year ago to compensate victims of slavery and industry leaders vowed to bring all shrimp processing in-house. Tin Nyo Win, who escaped slavery and alerted police to abuses, was deported to Myanmar this month, along with...

  • YANGON, Myanmar— Myanmar economists and businessmen on Thursday welcomed President Barack Obama's announcement that the U.S. will lift economic sanctions and restore long-lost trade benefits to the Southeast Asian country as it emerges from half a century of oppressive military rule. It will really benefit the citizens of this country and be a great hope...

  • US President Barack Obama shakes hands with Aung San Suu Kyi, Myanmar state counselor, in the White House following a bilateral meeting on Wednesday, Sept. 14, 2016.

    The U.S. intends to lift sanctions on Myanmar, but some are questioning the move amid the military's dominance and human rights violations.

  • US lifting of sanctions was surprising: Academic

    The challenge will be how to manage the Myanmar enterprises that are connected to the military regime, says Macquarie University's Sean Turnell.

  • Is Myanmar ready for a lifting of sanctions?

    Myanmar has seen steady progress in terms of democratic reforms and is ready for the lifting of U.S. sanctions, says Inle Advisory Group's Peter Kucik.

  • US ready to lift Myanmar sanctions

    While more political reforms are needed, the lifting of U.S. sanctions will benefit the entire Burmese population, says FTI Consulting's Romain Caillaud.

  • WASHINGTON, Sept 14- Myanmar's Aung San Suu Kyi met President Barack Obama at the White House on Wednesday on her first visit to the United States since her party won a sweeping victory in last year's election, capping a decades-long journey from political prisoner to national leader. With Suu Kyi no longer an opposition figure, the United States is weighing a...

  • *Sanctions on agenda as Suu Kyi visits White House. NAYPYITAW, Sept 14- Myanmar is making a push to overhaul rules on new foreign investment this week, officials said, as leader Aung San Suu Kyi bids to attract more overseas businesses to create jobs and improve the Southeast Asian country's crumbling infrastructure. New investment approvals have fallen since...

  • Dhammayangyi Temple of Bagan, Myanmar

    A powerful earthquake of 6.8 magnitude struck central Myanmar on Wednesday.

  • ASEAN officials join hands for a group photo at the 49th annual ministerial meeting in Vientiane on July 24, 2016.

    It's been a tough year for Asean as tensions over China's incursions into the South China Sea have challenged its long-running practices.

  • Minh Phuong Dang built MP Logistics from scratch, and welcomes the competition Vietnam's growth will bring.

  • YANGON, July 26- Aung San Suu Kyi's ruling party will offer a glimpse of its plans for Myanmar's economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy's emphatic triumph in a...

  • WASHINGTON, July 20- U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak and used to finance the Hollywood film "Wolf of Wall Street" and to buy property and famous works of art.

  • KUALA LUMPUR/ NEW YORK, July 20- U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $1 billion, allegedly stolen from Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak. They include allegations that $681 million from a 2013 bond sale by 1 MDB was transferred to the account of "Malaysian Official 1,"...

  • EM Brexit

    Brexit has a limited impact on the fundamentals of Asian economies, but will likely weigh on the Japanese yen, says ORC Intl's Bhavya Sehgal.

  • Weighing just 400g, the company's palm-size Fieldtrate Lite claims to remove bacteria and other pathogens, without the need for electricity.

  • YANGON, June 15- The U.S. government's development finance institution has launched operations in Myanmar with a $250 million loan to a telecoms company, it said on Wednesday. The Overseas Private Investment Corporation will lend the money to Yangon- based Apollo Towers Myanmar Limited, which is focused on the construction and maintenance of...

  • YANGON, June 10- Myanmar's newly reformed investment commission will this month start scrutinizing some $2.3 billion in proposed foreign investment projects that have been held up since April, a senior official said on Friday. Aung San Suu Kyi's National League for Democracy swept to power in elections last November, and the United States eased sanctions...

  • Heineken is pouring money into Vietnam, which lags only Mexico on profitability, the Dutch beverage giant's APAC president tells CNBC.

  • *Suu Kyi calls for "enough space" to address Rohingya issue. *Suu Kyi cautions against using "emotive terms". The United States has long supported Suu Kyi's role in championing democratic change in Myanmar, but was surprised this month when she suggested to the new U.S. ambassador Scot Marciel to refrain from using the term' Rohingya' for the persecuted Muslim...