US President Obama in Burma
Reposted from Business Standard
Myanmar’s President Thein Sein will embark on a historic visit to America on May 20 as US President Barack Obama continues to encourage reforms in that nation while it ushers in democratic changes.
“The President looks forward to discussing with President Thein Sein the many remaining challenges to efforts to develop democracy, address communal and ethnic tensions, and bring economic opportunity to the people of his country, and to exploring how the US can help,” White House Press Secretary Jay Carney said.
Thein Sein’s visit underscores Obama’s commitment to supporting and assisting those governments that make the important decision to embrace reform, and highlights the dedication of the US to helping the Burmese people realise the full potential of their extraordinary country, Carney said in a statement. More…
Reposted from Myanmar Business Network
The U.S. government was seeking ways and means to make investment in Myanmar, prioritizing the sectors that could bring improvement in daily of ordinary people, Acting U.S. Trade Representative Demetrios Marantis was quoted by local media as saying Saturday, according to China’s state news agency Xinhua.
Addressing the meeting with students and officials of social organizations Friday, Mr. Marantis underlined that the most important point was to realize a market-oriented economic system in Myanmar and that market liberalization was the key to economic development, said the New Light of Myanmar newspaper.
He went on to say that the U.S. government would carry out economic cooperation with Myanmar and work to boost bilateral trade, according to Xinhua. More…
By Andrew Jackson, Contributing Author
Small businesses are expected to help drive growth in the US in 2013
Companies employing less than 100 workers can be termed as small companies. As far as the United States is considered, there are large numbers of small businesses operating across the country. In fact, these small businesses or companies constitute a major portion of the country’s employers as well as employ more than half of the country’s total workforce. Although many consider the industrial giants as the driving force behind economic growth, the truth lies somewhere else and has to be accepted without the slightest doubt. Small businesses play a very important role in the country’s overall economic growth as well as ensure the living standards of the people of the country continue to remain good. More…
By Andrew Jackson
The arrival of 2013 has again triggered the issues regarding investment in US. Market experts and investors are busy assuming what trends in investment market can be witnessed through out 2013.
The year has been kicked off on the same note like last year. The slow economic growth, worrying debt level and the long-standing costs for government efforts has increased the anxiety even more. Still there is a ray of hope. More…
Reposted from The New York Times
HAVANA — “If I could just get a lift,” said Francisco López, imagining the addition of a hydraulic elevator as he stood by a rusted Russian sedan in his mechanic’s workshop here. All he needed was an investment from his brother in Miami or from a Cuban friend there who already sneaks in brake pads and other parts for him.
The problem: Washington’s 50-year-old trade embargo, which prohibits even the most basic business dealings across the 90 miles separating Cubafrom the United States. Indeed, every time Mr. López’s friend in Florida accepts payment for a car part destined for Cuba, he puts himself at risk of a fine of up to $65,000. More…
Reposted from Voice of America
United States and Cambodia developing a deeper relationship
U.S. President Barack Obama has voiced concerns about Cambodia’s human rights record in what U.S. officials describe as a “tense” meeting with Cambodian Prime Minister Hun Sen. More…
Reposted from iStockAnalyst
U.S. to provide financial considerations for Myanmar
WASHINGTON, Oct. 19 (UPI) — The U.S. government said it extended certain financial considerations to Myanmar in recognition for its ongoing political reforms. More…
Reposted from NewsMN
Mongolia continues its rapid ascent in the strategic playbook of the United States and the West. The U.S. views Mongolia through an integrated lens balancing its economic interests with strategic concerns. As the world’s fastest growing economy (GDP growth at 17.3 per cent in 2011), Mongolia is an appealing target for foreign investors in sectors such as mining, nuclear power, and technology. For Washington though, security still trumps in Mongolia. The U.S. continues to view Mongolia as a credible partner in an uncertain area filled with truculent neighbors. More…
Reposted from The Democratic Voice of Burma
By Derek Tonkin
By introducing the renewal for another three years of the Burmese Freedom and Democracy Act in the United States Senate on 12 June, US Senate Republican Leader Mitch McConnell acknowledged the wide-ranging reforms that have occurred in Myanmar and highlighted the “remarkable change” in only 18 months as Daw Aung San Suu Kyi went from political prisoner to a member of parliament. For these reasons he announced his support for the steps taken by the administration to ease sanctions. More…