The month of April only saw 3,996 companies being registered, marking a 34 per cent drop month on month and 33 per cent drop year on year, the Department of Business Development's director general Vuttikrai Leewiraphan said.

THOUGH recent surveys have stressed a drastic decline of investor confidence in Myanmar, the government still believes it is on the right track given the recent enactment of long-awaited new companies law.