News Snippets

Washington cuts sanctions on Myanmar ahead of democratic transition


The US Treasury Department maintains a list of “Specially Designated Nationals” with ties to Myanmar’s military. US companies are prohibited from doing business with them or entities they own. Many of Myanmar’s largest companies — including port and airport operators — are so designated.

Myanmar’s largest seaport, the Asia World Port Terminal here, is among the country’s newly usable facilities. Asia World, the port operator’s parent, is blacklisted as an SDN. US companies are still banned from doing business with the firm, but may now use the port. Logistics facilities Asia World runs at Yangon International Airport and elsewhere are also likely now usable.

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