Burma News

  • Manulife Returns to Myanmar After 70-Year Hiatus

    Manulife Financial Corp., Canada’s largest life insurer, is entering Myanmar for the first time since the outbreak of World War II as it targets the region’s expanding middle class.

  • The Waves Are Just a Cab Ride Away: Your Guide to Sailing in New York City

    What residents know, but visitors often forget, is that New York’s Financial District hosts a wealth of ways to get out onto the frothy waters that surround the island of Manhattan. Downtown workers can leave the office, walk to the docks, trade the briefcase for a cocktail, and climb aboard.

  • Dow Companies Invest in Clinton -- With One Holdout

    The blue-chip political investment for big business is Clinton Inc.

  • Credit Suisse, BNP Paribas at Risk of Criminal Charges Over Taxes, Business With Banned Nations

    Credit Suisse Group AG and BNP Paribas SA are at risk of being criminally charged by U.S. and state prosecutors, a person familiar with the matter said, signaling that authorities are taking a tougher approach as they seek to resolve probes of major banks.

  • 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

  • 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.

  • 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).

  • 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.

  • 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.”

  • 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.

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