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Influential Reformist Minister Leaves Burma’s Investment Commission

9 May 2013

A leading reformist minister who played a key role in promoting Burma’s new foreign investment law has left his post as head of the government’s investment commission, Financial Times reported Wednesday, following criticism among conservative politicians opposed to the quick pace of reform. Soe Thane, a President’s Office minister with close ties to President Thein Sein, has stepped down as chairman of the Myanmar Investment Commission, which approves foreign investment projects, and will be replaced by Finance Minister Win Shein, following complaints in Parliament that the commission lacked transparency. Soe Thane will continue overseeing economic affairs in his ministerial role.