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Thein Sein Signs Foreign Investment Law

5 November 2012

Burmese President Thein Sein has signed legislation establishing a foreign investment law, state television announced on Friday night. Parliament earlier this year had passed a version of the bill, but it was sent back by by the president for revision. State media reported earlier Friday that the new version met Thein Sein’s request that it be more flexible and investor-friendly. The television announcement said the text of the new law would be published in state-run newspapers on Saturday. Lawmakers amended 10 out of 11 points in the legislation that Thein Sein wanted changed.—AP