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April, 30, 2016

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US embraces Myanmar 'crony'
The image was meant to convey growing friendship between the United States and Myanmar, the world's hottest frontier market. Flanked by national flags, Win Aung, the president of Myanmar's main business association, and U.S. Assistant Secretary of State Jose Fernandez shook hands in Yangon and agreed to deepen business ties between their countries.
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A World Bank official said Friday that Myanmar has "enormous potential" as it undergoes reforms, which have led the Washington-based lender to launch a drive to bring electricity to millions.
 
Sri Lanka on Tuesday dropped plans for a fresh US$1 billion loan from the International Monetary Fund following disagreements over how the money should be spent, the central bank said.
 
Nepal and Bangladesh are all set to hold commerce joint-secretary-level talks on Feb. 17, in which the Nepali government will sign some crucial trade agreements, including the zero tariff facility under which 146 Nepali agro-goods can enjoy free market access to the country's second largest trading partner in South Asia.
 
The secretive Central Asian nation of Turkmenistan has unveiled a list of state-owned assets it plans to privatize in a bid to promote free enterprise in the government-dominated economy.
 
Mobile revolution in Myanmar on the cards, but too slow for many
Myanmar is on the cusp of a mobile revolution. Only it's happening way too slowly for many locals.
 
Myanmar opened up a major portion of its onshore oil blocks for bids Thursday, a move likely to see a surge in interest from Western firms after the removal of sanctions against the once-pariah state.
 
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