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Thread: Myanmar - Political Developments

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    Myanmar - Political Developments

    A very welcome statement to start the year in Myanmar ...

    Myanmar president backs constitutional amendment - January 2, 2014 1:18 pm

    YANGON - Myanmar's leader on Thursday lent his support to reform of the country's junta-era constitution, indicating he would back changes to allow opposition leader Aung San Suu Kyi to become president.
    Thein Sein, a former general who has won international praise for dramatic reforms since he became president in 2011, said lively debate about revising the charter showed increasing "political maturity".

    "I believe that a healthy constitution must be amended from time to time to address the national, economic, and social needs of our society," he said in a speech published in the English-language New Light of Myanmar newspaper.

    He said he supported amending provisions which exclude anyone whose spouse or children are overseas citizens from becoming president -- a clause widely believed to be targeted at Suu Kyi whose two sons are British.

    "I would not want restrictions being imposed on the right of any citizen to become the leader of the country," Thein Sein said.
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    So Myanmar will become democratic, and Thailand will give up on it ??

    Whats next.. Hun Sen willingly steps down ??
    Steve@thaib, Fish and JimCA2 like this.

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    With the election due by November 2015, I think the coming months will see the Myanmar Government increasingly tied up on political debate/manoeuvrings and less focused on fixing up the economy. Similarly, I'd expect foreign investors to increasingly use the pending election as a reason to delay making new investments so they can wait to see the outcome of the election. Some "headline" investments will continue (telecoms, hotels and maybe banks) but I think the number of new applications will slow.

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