Myanmar’s State Counsellor Daw Aung San Suu Kyi called on foreign businesses to invest in Myanmar. She said her government is improving the business environment for investors. In the keynote speech at the ASEAN Business and Investment Summit, Suu Kyi invited ASEAN businesses to invest responsibly in Myanmar’s priority sectors, including agriculture. A more attractive, investor-friendly environment is to be implemented by reforms. This includes making the process of starting a business to be “much simpler and much quicker”. “Investments should help to strike a balance between social cohesion and economic gains”, she mentioned referring to development gaps in states and regions. As of September 2018, investments from ASEAN accounted for 45 per cent of the total investments, according to the State Counsellor. She said “we have land, we have a good young working population, we have many unexplored resources”. She also added that “we know that Myanmar will have to run to catch up with the rest of the world, to catch up with Singapore and all those other Asian nations which have gone before us on the development road”. The ASEAN Business Advisory Council organizes the two-day annual event in Singapore.
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