Myanmar’s new investment law allowing 100 percent foreign ownership should attract Filipino companies to invest in agriculture, the head of a major Myanmar agricultural firm said, citing opportunities for investors in rice, banana, and coconut.

Tin Htut Oo, Chairman of Myanmar’s Yoma Strategic Holdings Co. Ltd (YSHCL) Agriculture Group, assured Filipino companies that Myanmar is a highly favorable investment destination in Asia with its new aggressive market-oriented foreign policy.