Reposted from Voice of America
KBZ bank ATM in Yangon, Myanmar
The election success of Burma’s opposition has led to the easing of some sanctions imposed by the United States and pressure from neighboring countries to drop them entirely. Although there is a surge in interest in Burma’s economy from foreign investors, analysts warn there remain major economic and political challenges.
This week, the United States dropped travel bans against some senior Burmese officials and eased restrictions on some U.S. investment and financial services. More…
JCB construction equipment
Reposted from The Irrawaddy
By Joseph Allchin
Europe’s largest construction equipment company, J. C. Bamford (JCB), has revealed it is eying entry into the Burmese market.
The UK firm hopes to gain a foothold by the middle of the year, but much may hinge on the removal of EU sanctions—contingent upon the April by-elections being deemed legitimate. More…
Reposted from Reuters
Shan State Army (SSA) soldiers
By Martin Petty
(Reuters) – Myanmar’s government expects to reach ceasefire deals with all of the country’s ethnic minority rebel armies within three months before starting a process of political dialogue towards “everlasting peace”, its top peace negotiator said on Wednesday. More…