Author: cmadmin

On 2 November 2012 Myanmar’s President Thein Sein endorsed the country’s new Foreign Investment Law (FIL). The introduction of the FIL is good news for potential investors and came in the same week in which the World Bank pledged $80 million in aid. The law was introduced just a few weeks prior to the visit of U.S. President Barack Obama who stated that Myanmar was taking “its first steps on what will be a long journey” and that the process of democratic and economic reform could “lead to incredible development opportunities.”