Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...
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US lifts sanctions on 4 Myanmar banks

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Saturday, 23 February 2013 17:27 AFP

The United States authorized US entities to do business with four major Myanmar banks Friday, extending the easing of economic sanctions on the former pariah state.

Myanma Economic Bank Branch 3, Yangon. (Photo: Mizzima)

The Treasury Department said it had issued a general license to allow individuals, companies, and financial institutions to conduct most financial transactions—such as opening and maintaining an account and a range of other financial services—with the banks.

The banks named were Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank, and Ayeyarwady Bank.

"This action will give US companies and non-governmental organizations greater access to some of the largest Burmese banks and allow these financial entities to access the US financial system," the department said in a statement, referring to Myanmar as Burma, the country's former name.

The new banking permission supports the July 2012 easing of US economic sanctions on Myanmar that allows new investment and encourages additional US economic involvement.

David Cohen, Treasury under-secretary for terrorism and financial intelligence, expressed hope the action will aid the impoverished Southeast Asian country.

Increased financial access "will help to facilitate Burma's continued social and economic development, serve as a model for responsible investment, and help to provide a better future for the Burmese people," Cohen said.

Relations between the two countries have undergone a sea change since Myanmar's ruling military ceded power in 2011, ending decades of dictatorship.

President Thein Sein launched a series of reforms after taking office in 2011, including freeing political prisoners, loosening censorship and allowing pro-democracy icon Aung San Suu Kyi to enter parliament.

As part of the raft of reforms, Myanmar is seeking an overhaul of its battered and mistrusted banking system, a move that analysts say could pave the way for foreign lenders to open branches.
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