YANGON, Feb. 17 (Xinhua) -- Myanmar has published books on Special Economic Zone Law promulgated by the State Peace and Development Council last month to enable foreign investors to study if intending to make investment in the country's special economic zones.
The law, which comprises 12 chapters as a legal base, covers formation of central body, special privileges of investor, land use, bank and finance management and insurance business as well as quarantine inspection and confinement and matters related to labor.
The enactment of the new special economic zone law came 23 years after Myanmar promulgated its first foreign investment law in late 1988.
The country's foreign investment had hit 31.957 billion U.S. dollars as of October 2010 since the country opened to such investment in that year.
The investment was up sharply during the period from May to October in 2010-11 when billions of dollars were injected sectorwise.
Of the investment, oil and gas was leading with 13.447 billion USD, electric power 11.341 billion USD, mining 2.395 billion USD, manufacturing 1.663 billion USD, hotels and tourism 1.064 billion USD and agriculture 96.351 million USD.