Myanmar investment law a major step | Bangkok Post: business

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Myanmar investment law a major step

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  • Writer: APF and Bloomberg
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Myanmar President Thein Sein has signed an eagerly awaited foreign investment bill after lawmakers removed protectionist measures inserted in earlier drafts. 

The development came as the World Bank pledged to resume aid to the country for the first time in 25 years as it emerges from decades of military rule.

The president's approval clears the way for multinationals to spend more in the rapidly reforming country.

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