President of Burma signed to have a foreign investment bill

In order to achieve capitalism, President Thein Sein has approved to enact the foreigh investment law. The bill is not yet available to public, but it is expected to reduce half of the limitation on foreign holdings. The exciting thing about this bill is that it will give more freedom of trade between local and international businesses. More and more foreign investors are looking forward to extending their businesses in Burma once the bill is approved. This is why President is speeding up in the procedure, and willing to finish it up before the important meeting of Asian and European leaders in Laos on Monday.

 

Posted by: Aye-Myat-Myat Thinn

Sources: Burma: President approves foreignment investment bill