Yangon Region Chief Minister U Phyo Min Thein has said that foreign companies will be prevented from operating fuel stations in Yangon. The reason is because their practices are “not compatible with our business culture,” according to an article in Frontier. At a press conference last week, it was expressed that the regional government plans to expand the number of Yangon Petrol stations. Foreign companies are expecting payment upfront, compared to delayed payments often made by locally owned businesses. “When [foreign companies] sell something, they want the money immediately. They don’t want to wait to collect it later,” he was quoted as saying. At the press conference, Phyo Min Thein said that his government would urge foreign investment in fuel storage instead.