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NEWS UPDATES Asean Affairs     October 7,  2016  

Myanmar Investment Law approved

The government has approved a bill on the Myanmar Investment Law, which is aimed at promoting foreign investment, state media reported on 6 September.

The bill, which has been approved by both parliaments, is expected to take effect in the near future, according to a Myanmar Investment Commission-MIC’s announcement.

The new investment law, which combines the Foreign Investment Law drafted in 2012 and Citizens’ Investment Law drafted in 2013, includes tax breaks which are different from those stipulated under the former government.

The MIC has permitted a total of 38 foreign investment projects worth US$383.877 million in five months since the new government took office in April.From late 1988 to August this year, total foreign investments in Myanmar amounted to over US$64.4 billion, according to MIC.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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