Connect with us

Myanmar

As Sanctions Ease, US Companies are returning to Burma

With the easing of longstanding U.S. economic sanctions against Burma, major American companies are quickly starting to invest in the Southeast Asian nation.Competing soft drink giants Coca-Cola and Pepsi-Co. are returning to Burma for the first time in many years.

Published

on

With the easing of longstanding U.S. economic sanctions against Burma, major American companies are quickly starting to invest in the Southeast Asian nation.Competing soft drink giants Coca-Cola and Pepsi-Co. are returning to Burma for the first time in many years.

Meanwhile, both MasterCard and Visa have reached deals with Burmese banks for use of their internationally-known credit cards. The ConocoPhillips and Chevron energy companies have been looking for investment opportunities as well.U.S. President Barack Obama in July eased restrictions on American investment in Burma after Burmese President Thein Sein moved away from strict military control and embraced initial democratic reforms.Obama made a short trip to Burma Monday, the first serving U.S. president to visit the country. He praised Burmas move toward democracy, while calling for more changes, which he said would lead to more U.S. economic investment.

via As Sanctions Ease, US Companies Start Investing in Burma.

Click to comment

Leave a Reply

Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

Published

on

By Karen Lee

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

(more…)
Continue Reading

China

Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

Published

on

On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,162 other subscribers

Wise

Recent