President Thein Sein announces second phase of reform

Photo: @President Website

President Thein Sein revealed last Tuesday that his government will get on to the second phase of reforms and there’s no stopping on the carrying out of comprehensive development in Myanmar. One significant part of the plan is the rule of law concerning wage rates, laws on industrial zones and the much awaited law on foreign investment to be enacted next month in time for the next parliamentary session, Reuters news reported.

In his State of the Union Address which was televised and viewed by millions of the populace, he promised to triple the gross domestic product per capita by the fiscal year 2015-2016.

Despite the communal disputes in northwest Myanmar which led to the death of 50 people and 30,000 were forced to leave their homes, President Thein Sein declared to keep on working with the nation’s peace, stability, ensure public safety and more importantly to achieved national reconciliation at its fullest.

He also mentioned about lessening the participation of several members of the military junta whom he said he was a member 15 months back in the field of energy, electricity, education, telecommunications, financial matters, forestry and health.

Relying on the government fund to be able to meet this objective in boosting its economy and to uplift the lives of those in the poverty level is not sufficient and adequate thus the president asked assistance from international communities to provide loans, aid and grants.

He further warned that the government will be careful in selecting the kind of investment other countries are keen about so as to protect and sustain the environment and social economy. The same is true with regards to the statement issued by democratic icon Suu Kyi who is now on an official tour in Europe said that she will give priority on the country’s preservation of the environment and to help uplift the lives of her constituents.

Just before the riot started, demonstrations and protesters were on the streets denouncing the power shortages in several areas and the president acted immediately in forming a Committee on National Energy to conduct research on possible alternatives on energy sources like for instance natural gas to which Myanmar has been selling to Thailand, the report said.