Myanmar

Further delays to FDI law


Published

President Thein Sein has returned the foreign direct investment (FDI) law to parliament asking for changes to be made to the percentage stake foreign investors can make as well as seeking greater clarification over restricted sectors.

The law was passed on 7th September by parliament but the president felt that it was not sufficiently friendly for foreign investors and that it would be suitable for its intended purpose. The president returned the law on the last day of the current parliamentary session which means that it will not be discussed by parliament until the new session in October.

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