EU TO LIFT SANCTIONS ON BURMA, BUT U.S. STILL ON HOLD

RANGOON - The European Union is expected to permanently lift all sanctions on Myanmar, with the exception of its embargo on arms, next week. The sanctions were suspended for one year, until April 30, 2013, in recognition of Myanmar's ongoing democratic reforms - and to encourage further positive steps. Marae Ciantar, Head of the Myanmar practice of the law firm  Allens, says that, since then, and with the progressive easing of US sanctions, there has been an extraordinary level of interest from international investors in Myanmar.