Shortly ahead of President Obama’s trip to Burma, the US Treasury Department has blacklisted a lower house member of parliament, Aung Thaung, who represents the ruling USDP for Taungtha Township.
France’s largest bank, BNP Paribas will plead guilty to violating US trade sanctions by processing billions of dollars for Burmese entities via US financial institutions.
Dutch aerospace firm has been hit with a US$21 million penalty by US government for violating trade sanctions.
Sugarcane farmers in Naypyidaw’s Lewe Township say they face substantial losses in a local venture with a military-owned sugar refinery that is losing business and cancelling orders with them.
The United States Department of Treasury added three Burmese corporations and a military staff officer to the Specially Designated Nationals List on Monday for their involvement in the arms trade…