Representatives for the two entities had no immediate comment on Wednesday. Reuters had reported the sanctions had been expected.Washington's move freezes any assets held by the entities in the United States and is the latest in a series of sanctions following the military takeover that have targeted Myanmar's central bank as well as top generals.
Since almost all dollar payments clear through US financial institutions, the move effectively kicks blacklisted companies out of the American banking system. "These actions will specifically target those who led the coup, the economic interests of the military, and the funding streams supporting the Burmese military’s brutal repression," he said."They are not directed at the people of Burma.
Andrea Gacki, director of the Treasury Department's Office of Foreign Assets Control, said that by imposing the sanctions, the United States was"targeting the Burmese military’s control of significant segments of the Burmese economy, which is a vital financial lifeline for the military junta."
max myanmar, loi hein, asia world, maxiasia, many more.....
Singapore should not be allow to do buffer companies that associated with Myanmar military’s families, relatives and supporters. And don’t be also like as theirs second homes, education, work places and hospitals?