New York state fined accounting firm Pricewaterhouse Coopers US$25 million and suspended some consulting work for two years after finding the company hid a Japanese bank's US sanctions violations.
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) held its annual meeting last week without the public opposition by some of its members to financial results that took place in 2013.
The newly opened Canadian embassy in Yangon may not have the size of the large US embassy on University Avenue or the prominence of the Australian and United Kingdom’s buildings on Strand Road, but officials hope it will help strengthen relations between the two countries.
Leading agribusiness company MAPCO has been offered a second loan from Singapore-based United Overseas Bank to develop a port terminal and agribusiness plant near the Thilawa special economic zone.
Muse is looking to China’s economic success for inspiration for its K50 billion central business district project, according to its member of parliament.
Three members of a Chinese committee governing import standards will visit Myanmar in September to start negotiating an agreement to legalise rice exports, said officials from the Myanmar Rice Federation.