New FDI Rules Set to Relax Investment Restrictions
2 December 2013
New rules for foreign investors could be issued as soon as this month, the Myanmar Times reports, and the regulations are expected to relax restrictions to investment for foreigners in certain sectors, according to an official at the Ministry of National Planning and Economic Development. The changes will apply to rules first issued on Jan. 31. Those rules were promulgated to comply with a mandate that they be issued 90 days after passage of the Foreign Investment Law on Nov. 2, 2012. An anonymous official from the ministry said those rules were “rushed” and as a result, were at times unclear or contradictory.