Myanmar president enacts new foreign investment law
November 3, 2012, 12:03 am TWN
YANGON -- Myanmar's reformist leader on Friday signed into law an eagerly awaited foreign investment bill aimed at reviving the country's economy, his office said.
A business-friendly version of the bill was approved by parliament on Thursday. An earlier limit of 50 percent for a foreign investor's stake in a joint venture has been dropped, and the new version allows the investment ratio to be decided by the foreign and local partners, MPs said.