Myanmar telecom development requires enactment of new law

Posted on June 17, 2012  /  2 Comments

The Wall Street Journal reports that legislative action is required for permitting competition in Myanmar telecom market:

Officials have enacted an investment law with guarantees against nationalization and have proposed tax reform. However, these don’t go far enough. The state still controls the most lucrative industries, since a 1989 law restricts private enterprise in oil and gas, mining and telecom.

This makes it imperative that the retrograde ITU sponsored draft law be thrown out and a piece of legislation appropriate for the 21st century be adopted.