YANGON -- Myanmar is determined to pass by the end of the year a series of bills designed to ease restrictions on foreign capital as the newly established civilian government steps up efforts to attract outside investment.
The government had mulled similar amendments ever since the rule of former President Thein Sein, whom de facto leader and State Counselor Aung San Suu Kyi replaced in late March. The legislation drawn up by the Directorate of Investment and Company Administration will be submitted to the central government, and the parliament is expected to approve the measures by year's end, DICA Director General U Aung Naing Oo told The Nikkei. He is also responsible for drafting the bills.
