During a campaign event in Nay Pyi Taw’s Dekkhinathiri township on September 23, Minister for Agriculture and Irrigation U Myint Hlaing told locals not to believe non-Buddhists and those who married foreigners when they say they love the country.
After 10 years of negotiation, the Association of Southeast Asian Nations’ (ASEAN’s) much anticipated ASEAN Economic Community (AEC) comes into effect at the end of this year. There is much to be lauded in the agreement, particularly its focus on opening sectors to competition and breaking down trade barriers. The benefits of implementation could lift aggregate output by 7 percent by 2025 and generate around 14 million new jobs.
A newly drafted investment law – much awaited by investors eager to access Myanmar’s market – has been completed and will be submitted to the hluttaw at its next session. The much-improved draft goes a long way toward protecting the rights of people and the environment in Myanmar from foreign investments that may create and aggravate human rights and environmental problems.
On September 9, in a further step toward the elusive Nationwide Ceasefire Agreement, President U Thein Sein convened a meeting of armed ethnic group leaders and members of his Peace-making Work Committee in Nay Pyi Taw. The meeting failed to agree on a timetable for the signing of the NCA.
By setting its minimum wage at US$67 per month Myanmar has positioned itself as a direct competitor to Bangladesh in the garment industry.