Myanmar is to undergo a “second wave of reforms” aimed at boosting its industry and public sectors.
Since taking office last year former general President Thein Sein has overseen a rapid overhaul of the country’s economic and political fortunes.
Now he says he wants to loosen state control of key industries such as education, telecommunications and energy.
An eagerly awaited foreign investment law will be enacted in the next parliamentary session as well as legislation ensuring a minimum wage.
However the president failed to touch upon the fate of hundreds of political prisoners who remain behind bars.
There is also pressure from Philippine activists who claim Myanmar’s government is fuelling military operations in the country’s Kachin state.