The grandson of late Burmese dictator Ne Win revealed that he plans to purchase the majority of shares of Asian Green Development Bank, which is owned by Tay Za.
Bullet Points: Bringing you the news for Thursday 10 July.
Senator Mitch McConnel has backed a proposal to end sanctions against Burma – after a landmark visit by the Burmese President to the US.
The European Union lifts all sanctions on Burma except for an arms embargo, in recognition of sweeping political reforms.
Prime Minister Julia Gillard said Australia will ease restrictions on Burma during President Thein Sein’s landmark trip to the country on Monday.