Burma News

  • TPG Joins Ex-LightSquared CEO in Myanmar Telecom Venture

    TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.

  • Bharara on Company Crimes, Clearstream, HSBC, Taxes: Compliance

    Preet Bharara, the U.S. attorney in Manhattan, said to expect criminal prosecutions of companies “where the conduct warrants it.”

  • HSBC Faces ‘Much Work’ in Money-Laundering Accord, U.S. Says

    HSBC Holdings Plc has “much work” to do as part of a $1.9 billion agreement with the Justice Department to avoid prosecution for money laundering, the U.S. said in a status report on the U.K.-based bank’s performance.

  • Coca-Cola to Suzuki Myanmar Factory Rush Spurs Shipping

    Coca-Cola Co. and Suzuki Motor Corp. are among companies pushing demand for transportation of machinery to Myanmar to bottle drinks and make trucks, after the country’s five decades of isolation during military rule.

  • China Lobbying to Thwart U.S. Push for Burma War-Crimes Probe, Post Says

    China Campaigning Against International Probe of Possible War Crimes in Burma By Colum Lynch Oct. 25 (Washington Post) -- The Chinese government has launched a high-octane diplomatic campaign during the past two months aimed at thwarting the Obama administration's plan to back an international probe into possible war crimes by Burma's military rulers. The Chinese effort - which includes high-level lobbying of top U.N. officials and European and Asian governments - has taken the steam out of the U.S. initiative, which was designed to raise the political costs to Burma's military junta for failing to open its Nov. 7 elections to the country's political opposition. A senior U.S. official was pessimistic about the current prospects for securing international support for a war crimes probe and made it clear that Washington had no immediate plans to introduce a proposal to establish one. "We have been and continue

  • Can India Push Burma on the Road to Liberty?

    Last month, Prime Minister Manmohan Singh became the first Indian head of state in 25 years to make a visit to Myanmar (formerly Burma), the eastern neighbor that has for 50 years been ruled by a repressive military junta. The visit was both a welcome gesture of reconnection and a reminder of a wasted half-century in relations between two newly independent states (Burma was decolonized in 1948, a year after India) that share a border of more 1,500 kilometers (900 miles).

  • The Lady Will See You in Myanmar as Suu Kyi Shows Land Besieged

    The voice on the end of a crackling phone line is soft and conspiratorial: “So you have arrived in Rangoon? Come at 10:30 a.m. Wednesday. The Lady will see you then.”

  • Duane Morris to Open Shanghai Office: Business of Law

    Duane Morris LLP is establishing a five-lawyer office in Shanghai through Duane Morris & Selvam LLP, its joint law venture in Asia, which will have an emphasis on facilitating outbound investment for Chinese corporations.

  • Obama Skirts Challenges Abroad in Setting Domestic Goals

    President Barack Obama said little in his State of the Union address last night to answer some of the most pressing foreign-policy questions he faces.

  • RBS to Pay $100 Million to Settle U.S. Sanctions Probe

    Royal Bank of Scotland Group Plc will pay $100 million to settle U.S. and New York regulators’ accusations that it violated sanctions programs targeting Iran, Sudan, Burma and Cuba.

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