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Jakarta Post

Myanmar moves to lure Indonesian investments

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Mon, August 13 2018   /  03:02 am

Southeast Asia’s emerging market of Myanmar is luring investors from Indonesia, seeking to build infrastructure and labor-intensive projects. The country, which spent almost 50 years under the oppression of a military junta until 2011, has been opening up to capital inflows by reforming its business regulations. Myanmar’s Union Minister for the Office of the Union Government U Thaung Tun, who also heads the Myanmar Investment Commission, said the country was currently developing its agribusiness, cattle-breeding, manufacturing, infrastructure, electricity and other sectors. “We have been trying to privatize our companies, and our main challenge is the legal framework so as to ensure newcomers have a level playing field,” Minister Thaung said on a recent visit with the Myanmar business delegation to the headquarters of the Indonesian Chamber of Commerce and Industry (Kadin). He sa...