Skip to Content

AP National Business

Military-led Myanmar seeks to reassure foreign investors

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Myanmar officials have sought to reassure foreign investors who say doing business in the military-ruled country is nearly impossible because of new currency controls. Two ministers in Myanmar’s army-installed government said Thursday that approved foreign investors, embassies, United Nations agencies and non-government organizations are exempt from

Continue Reading

Myanmar exempts foreign businesses, NGOs from forex rules

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Myanmar officials say the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency. Aung Naing Oo, the army-installed government’s minister for Investment and Foreign Economic Relations, said details of

Continue Reading