New Investment Law Hailed as ‘Essential’ to Development

Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]

Upper House approves investment bill

The Upper House has approved the draft Myanmar Investment Bill from the Lower House. The bill states that foreign investors can hire land or buildings for 50 years. With the permission of the Myanmar Investment Commission, they can extend their contracts for 10-year periods. The new bill says the commission should seek the approval of […]