Featured Myanmar

U.N. urges sanctions on Myanmar army businesses, says foreign partners could be complicit

United Nations investigators urged world leaders on Monday to impose targeted financial sanctions on companies linked to the military in Myanmar, and said foreign firms doing business with them could be complicit in international crimes. A panel of human rights experts identified scores of companies tied to the army, which… Read More

U.S. imposes sanctions on Myanmar military commander over Rohingya abuses

The United States on Tuesday announced sanctions on the Myanmar military’s Commander-in-Chief Min Aung Hlaing and other military leaders over extrajudicial killings of Rohingya Muslims, barring them from entry to the United States. The steps, which also covered Min Aung Hlaing’s deputy, Soe Win, and two other senior commanders and… Read More

EU extends Myanmar arms embargo, other sanctions for a year

AP — The European Union is prolonging by a year an embargo on any arms that could be used in security crackdowns in Myanmar as well as sanctions against 14 top military and border officials. EU headquarters said Monday that based on an annual review the restrictive measures will be… Read More
16th April 2019
A UniCredit Group affiliate bank will plead guilty to US federal and state criminal violations and pay $1.3 billion to regulatory and prosecutorial agencies to resolve breaches of sanctions against Iran and other nations, officials disclosed. Under terms of a non-prosecution agreement with the US Justice Department, the group’s German… Read More
16th November 2017
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
10th November 2017
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
24th May 2017
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