Protracted Myanmar investment law faces further delay

YANGON: A long-awaited investment law in Myanmar is likely to be delayed until November after the president opted to return the latest draft to parliament, another setback for foreign firms eager to tap one of Asia's last frontier markets.

Two sources with close knowledge of the process said the office of President Thein Sein, which successfully lobbied behind the scenes to soften protectionist clauses in an earlier draft, had suggested new amendments to put before lawmakers before he approved it.