Myanmar's new government is taking steps in its efforts to attain economic growth, and restructure the Myanmar Investment Commission, or MIC.

According to the country's current laws, the MIC has to be reformed under the new government to scrutinize new investment. A total of 102 proposals for investment including over 50 foreign ones are waiting to be permitted by MIC.

On Monday, minister of the Ministry of National Planning and Economic Development met with local financial institutional representatives, who raised proposals in all sectors like foreign trade, catering, telecom and real estate.

Experts say the new measures of the government will play a key role to the country's economic development.