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U.S. firms rush Myanmar deadline
- Subject: U.S. firms rush Myanmar deadline
- From: soewin@xxxxxxx
- Date: Sat, 26 Apr 1997 05:00:00
>From The Japan Times; 26 April 1997 (Foreign Business Briefs)
U.S. FIRMS RUSH MYANMAR DEADLINE
LONDON (Financial Time Service) U.S. companies signed more investment deals
with Myanmar in February than in the whole of the past eight years as they
dashed to conclude talks before President Bill Clinton banned new U.S.
investment in the nation. Some $339 million worth of deals were concluded
with Myanmar's military regime, according to official Myanmar data. Most of
the new investment was in the oil and gas sector, with exploration rights
held the Unocal and Texaco converted into production agreements.