Myanmar leader stalls investment law: Govt official
Published on Sep 24, 2012 4:49 PM
YANGON (AFP) - Myanmar's president has delayed an eagerly awaited foreign investment bill, an official said on Monday, asking for amendments to the law that aims to open up the long-isolated nation to overseas trade.
Mr Thein Sein returned the draft law to parliament at the weekend "with remarks", according to Mr Zaw Htay in the Presidential office.
"The president wanted to amend some of the provisions in the bill, which was approved by the Parliament," he told AFP.
Myanmar is seen by many investors as the next regional frontier market as businesses eye its huge natural resources, large population and strategic location between China and India.
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