Myanmar improving foreign investment law

摘要

Reforms are moving ahead in Myanmar to update the country's foreign investment law and the legal framework surrounding the country's electricity system to facilitate direct investment in the sector. The Asian Development Bank said in November that as "the country opens and economic sanctions are removed, huge numbers of visitors are pouring into the country," while the local population can now more readily buy household electrical appliances and local businesses are expanding rapidly. "All of this has placed an enormous strain on the power supply network, which is often unreliable in urban centers and barely extends to Myanmar's rural areas," the bank said.