Myanmar has passed a new foreign direct investment law. Now a
cease-fire in the country's war-torn Karen state has some entrepreneurs
hoping to attract foreign investment.

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Antimony is just one of an array of natural resources prompting a surge
in investor interest in Myanmar, which is better known for its gas,
gemstones, timber, and oil. Given that antimony is also used sometimes
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“We need outside investment, outside technology,” says Shar Phaung, who
has yet to sign a contract with the government to mine the antimony.
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A new foreign investment law was passed by Myanmar's parliament on
Friday after several months debate, during which Western countries
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relaxed or suspended economic sanctions on Myanmar. The law scratched
several potential investment-deterring provisions from the original
draft, such as a $5 million minimum initial spend for any foreign
company wanting to invest. It could also help bring in the know-how and
equipment Shar Phaung is after.
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That might take time, however. “Foreign investors are looking to see
the extent to which peace can be brokered, achieved, and maintained in
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Another sticking point is the current mining law, which requires 30 to
70 percent profit sharing between an investor and the Myanmar
government, which also seeks royalties and tax. The law is another