Featured Myanmar

US: Tillerson says sanctions won’t solve Myanmar’s Rohingya crisis

By SCMP Washington’s top diplomat on Wednesday said he would not yet push for sanctions against Myanmar over the Rohingya refugee crisis, but he called for a independent investigation into “credible” allegations that soldiers were committing atrocities against the Muslim minority. Secretary of State Rex Tillerson was speaking after a… Read More

US weighs sanctions on Myanmar military over Rohingya crisis

Proposed sanctions against the Myanmar military should move quickly through the U.S. Congress due to strong bipartisan support, lawmakers told VOA. The Burma Sanctions Bill in the House of Representatives and a companion bill in the Senate would apply economic pressure on military generals with the aim of ending the… Read More

1 in 5 banks in Asia Pacific says tax evasion will more than double this year despite new rules

One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
14th March 2017
From South Korea’s presidential scandal to Malaysia’s 1MDB fund, not many Asian countries have been able to avoid the smear of corruption. But just how pervasive is the problem across the continent? An 18-month long survey by Transparency International reveals there is much work to be done. After talking to… Read More
11th January 2017
Financial inclusion is at the top of the agenda for emerging economies, but banks in the west are actively disconnecting from some of these regions – putting further development at risk. Read More
28th November 2016
The populations of Malaysia, Thailand and Burma are increasingly suffering under their leaders. Read More
10th October 2016
MySQUAR said its financial outlook has improved after the US formally ended its sanctions against Myanmar on Friday. The Myanmar-language social media, entertainment and payments platform noted that the US has ended a declared “National Emergency” categorisation which had been in place since 1997, resulting in sanctions which were… Read More
30th September 2016
On the occasion of Myanmar’s State Counselor Aung San Suu Kyi’s recent visit to the United States (U.S.), President Obama announced that executive sanctions on Myanmar would soon be lifted. This will grant Myanmar greater access to the U.S. market and encourage U.S. companies to invest in the country. Trade between… Read More
19th September 2016
The U.S. decision to lift trade sanctions against Myanmar has been welcomed by local economists and businessmen, who say it will remove a major constraint on international trade with the impoverished country and boost growth across its economy. Political analysts and activists said the decision also puts a greater responsibility… Read More
6th June 2016
Until recently, Myanmar remained the largest economy in Asia without a stock market. That changed this year with the introduction of the Yangon Stock Exchange (YSX), which just concluded its first two months of trading with the promise it will soon open to foreign investors. Read More
18th May 2016
The US has lifted more of its economic sanctions on Myanmar to signal its support for ongoing political reform after decades of military rule. Read More
10th May 2016
Washington isn't ready to fully shed sanctions in Myanmar, instead awaiting progress on issues including human rights as the government run by former opposition leader Aung San Suu Kyi takes charge, the U.S. ambassador to the Southeast Asian nation indicated. Read More
22nd April 2016
The Financial Investigation Unit (FIU) is stepping up its awareness-raising activities to combat money laundering and terrorist financing in Myanmar. Read More