“After much deliberation, Investment Law passed by Parliament”,
After months of deliberation, Burma’s new investment law was approved by a joint sitting of Parliament…replacing interim laws passed earlier in the term of President Thein Sein.
The law, which combines the 2012 Foreign Investment Law and the 2013 Myanmar Citizens Investment Law, alters the mandate of the Myanmar Investment Commission (MIC) and adds some nominal human rights protections to future foreign investment projects, among other changes…
Under the changes approved on Thursday, the Myanmar Investment Commission (MIC) is now authorized to delegate, pending national approval, investment decisions to divisional and state authorities. There will also be more coordination between regional and Union governments on investment decisions…
↧