12:52 PM
Waa Haa Haa
Published October 22, 2012
[NAYPYITAW] Myanmar's foreign investment law, which has been
delayed for months while the president's office and Parliament debated
clauses some saw as protectionist, could be finalised within days,
President Thein Sein said yesterday.
The bill has passed back and forth between the legislative and executive branches since March in a tussle involving a government eager to attract foreign investment, tycoons determined to protect their monopolies, and small businesses keen not to be shut out, sources close to the debate have said.
Mr Thein Sein took office in March 2011 at the head of a quasi-civilian government that brought almost 50 years of military rule to an end. He has undertaken economic and political reforms that have persuaded Western countries to suspend sanctions.
A parliamentary source told Reuters the investment bill would be on the agenda for the new session of parliament, which starts today.
http://www.businesstimes.com.sg/premium/world/myanmar-law-foreign-investment-just-days-away-20121022
The bill has passed back and forth between the legislative and executive branches since March in a tussle involving a government eager to attract foreign investment, tycoons determined to protect their monopolies, and small businesses keen not to be shut out, sources close to the debate have said.
Mr Thein Sein took office in March 2011 at the head of a quasi-civilian government that brought almost 50 years of military rule to an end. He has undertaken economic and political reforms that have persuaded Western countries to suspend sanctions.
A parliamentary source told Reuters the investment bill would be on the agenda for the new session of parliament, which starts today.
http://www.businesstimes.com.sg/premium/world/myanmar-law-foreign-investment-just-days-away-20121022
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