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Burma to Allow 100 Percent Foreign Ownership

21 June 2012

Foreign companies looking to invest in Burma will be allowed up to 100 percent ownership of firms operating in the country, according to a senior government official cited in a report by AFP. “Foreign companies will be allowed to invest to own from 35 to 100 percent” of domestic firms, said Kan Zaw, the deputy minister for national planning and economic development, on Wednesday. In a televised speech on Tuesday, President Thein Sein said his government would seek to attract more foreign capital with a “competitive” investment policy.