Myanmar President U Thein Sein has called for political stability,cessation of armed conflicts and socio-economic development of the people in the country, official media reported Monday.

Addressing at the city hall in Dawei,in Myanmar's southern Taninthayi Region on Sunday, Thein Sein expressed his hope that Taninthayi Region would achieve development though per capita income of the Dawei is currently lower than those of Kawthoung and Myeik, said the New Light of Myanmar.

He underscored the need of qualified human resources who could harness rich natural resources and the duty lies with the education sector.

Foreign investments with substantial capitals and technologies were invited but there is a lack of regulations in allowing foreign investments could beset more adverse consequences than favorable outcomes,he said.

The Foreign Investment Law, which is one of the integral parts of legislation, has been enacted, he said.

He said the officials have town plans and city plans ahead of entry of foreign investors, pointing out that local people are to take responsibilities for regional development.

According to the UN Millennium Development Goals, he stressed the need to reduce poverty rate from 26 per cent to 16 per cent by 2015.

There are over 1200 villages in Taninthayi Region and over 60000 across the nation. Endi

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