US law firm in Yangon shut up shop:
https://www.mmtimes.com/news/vote-no...-law-firm.html
Basically:
- American banks are wary of getting involved in anything involving Myanmar, so remitting profits back to the US is almost impossible. So no US clients in Myanmar.
- Lack of European clients as well
"The govt has published a 12-page economic policy paper 18 months ago. Since then ... nothing"
“Furthermore, the NLD has set up a pyramid approval system, where the ‘higher authority’ needs to give prior approval. The result is that those leaders who have the authority to approve are overwhelmed with requests for their time, which results in huge project bottlenecks and delays,” he remarked.
I find this all rather worrying. Having been lobbying for 6 years to get some movement from the Myanmar government regarding my amateur radio licence (needed to develop STEM projects for Myanmar students), and having got almost nowhere, I know exactly what this report means by '...nothing'.
It's true that the people who are tasked with making decisions will not carry out their responsibilities, for fear of upsetting their superiors. They will only do the task if their superior (or his/her superior etc), instructs them to do it.
So the 'papers' sit on someone's desk for months and years and the country goes nowhere........