Government to reduce restrictions on business sector by March

[Nyi Nyi ®]

The government is planning to reduce restrictions on the business sector in March this year, Tin Maung Than, director of the Myanmar Development Research Institute/Centre for Economic and Social Development (MDRI/CESD) told a press conference on sub-national governments and business in Myanmar held at IBC yesterday.

Investors who want to do business in Myanmar have always faced hindrances due to frequent policy changes, an overabundance of rules and regulations, and the importance placed on recommendation letters. Even if they are proceeding according to rules and regulations, they can still be asked to resubmit their application if they lack any of the necessary documents.

Myanmar is among the hardest places to do business, standing at 182nd place among the 189 countries listed by the World Bank (WB). Read more on Eleven News..