Foreign investment in Burma has dropped to US$380 million during the first four months of the current fiscal year, down from $2.6 billion during the same period last year.
All eyes are on the new NLD-led government for signs that it is ready to introduce economic legislation that will satisfy both investors and human rights advocates.
Burma’s National Land Use Policy must first address the discrepancies between protecting vulnerable peoples’ land use rights and claims before creating an enabling investment environment.
Burma’s Directorate of Investment and Company Administration (DICA) plans to reform the country’s current investment laws to conform to regional norms, according to DICA director Aung Naing Oo.
As an unprecedented amount of investment is set to pour into Burma soon, DVB’s David Stout spoke with Jared Bissinger, a PhD candidate at Macquarie University who is studying Burma’s…