President announces new reforms


President U. Thein Sein announced a “second wave of reforms” yesterday to wide ranging audience including ministers, governors and other senior officials, which took on the feel of a State of the Nation Speech.

In the speech the president promised more reforms including peace talks with ethic minorities and closer cooperation with the democracy movement led by Aung San Suu Kyi. He also promised a reduction in the state’s role in a number of sectors including education, energy, forestry, healthcare, finance and telecommunications.

He also appeared to encourage more foreign direct investment saying that the need to alleviate poverty required the support of international grants, aid, loans and technical expertise.

The full text of the speech is published on the Myanmar country page under Links.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact