Are the doors for foreign firms open too wide?

[DagonKhan]

Are the doors for foreign firms open too wide?

The Myanmar Investment Commission’s move to open up all but 10 business activities to foreign investment has drawn opposition from some local businesspeople, who say it is a step too far.

The MIC released a list of the 10 business areas restricted to Myanmar-only investment as well as defining 64 activities that foreign companies can only participate in with a local partner on August 14, adding that all business activities not on the lists could be performed by firms with 100 percent foreign investment.

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