Myanmar investment commission reinvents itself

Associated Press
Myanmar investment commission reinvents itself

FILE - In this Aug. 11, 2012 file photo, a man walks past a Pepsi advertisement in Naypyitaw, Myanmar. PepsiCo Inc. will start selling its drinks in Myanmar, following the U.S. government's decision to suspend investment sanctions on the country for its democratic reforms. Myanmar's new foreign investment law envisions broad powers for the country's already over-taxed investment commission, restricts foreign investment in 11 poorly defined areas and requires local hiring, according to a copy of the widely misunderstood law obtained by The Associated Press. (AP Photo/Khin Maung Win, File)

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