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A statement issued Friday by the American Chamber of Commerce and British, French, Australian chambers and similar groups says the rules would lower Myanmar standards of living, stop foreign business activity and foreign investment and cause trade tensions.
Bangkok, Apr 8 (EFE).- Associations of foreign businesses operating in Myanmar on Friday protested against the military junta’s order issued earlier this month that necessitates all foreign currencies to be converted into the kyat. “International business and investment depend on the use of globally accepted currencies, particularly the United States dollar, to conduct business,” around …
A deputy governor of Myanmar’s Central Bank was shot Thursday at her home, less than a week after tough new regulations were issued ordering that foreign money held in bank accounts in the military-ruled nation must be exchanged for the local currency. There were conflicting accounts of whether Than Than Swe, appointed to her post…
A deputy governor of the Central Bank of Myanmar was shot at her home on Thursday, less than a week after tough new regulations were issued ordering that foreign money held in bank accounts in the military-ruled nation must be exchanged for the local currency. There were conflicting accounts of whether Than Than Swe, appointed to her post after the military seized power, survived the attack. She is believed to be the most senior official associated with the military-run administration to be shot since February last year, when the army ousted the elected government of Aung San Suu Kyi. The take...
(Bloomberg) -- A deputy governor at the Central Bank of Myanmar was shot and wounded by two unidentified gunmen in what is believed to be the most high profile attack on a senior official since the military coup more than a year ago.