Financial Times – Key reform minister exits Myanmar investment body

By Gwen Robinson | 8 May 2013

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The abrupt exit of one of Myanmar’s leading reformist ministers from the helm of the government’s powerful investment commission has raised fresh questions about President Thein Sein’s ambitious reform agenda and unsettled investors.

U Soe Thane, a key figure in a small group of so-called “super ministers” in the president’s office, will be replaced as chairman of the Myanmar Investment Commission (MIC) by the finance minister, Win Shein …

Given Mr Soe Thane’s role as an interface with foreign investors, “more clarity about these changes – and how they affect the review and approval process for projects – would be very welcome”, said Romain Caillaud, managing director at Vriens & Partners, a Yangon-based consultant.