Naypyidaw, April 10 -- Myanmar's President Min Aung Hlaing on Friday acknowledged that his newly formed government faces significant challenges and pledged efforts to normalise ties with the regional bloc Association of Southeast Asian Nations (ASEAN), according to the Khaleej Times.

Addressing parliament during his inauguration speech in Naypyidaw, the former junta chief said his administration would prioritise peace and democracy while focusing on boosting foreign investment, strengthening agriculture, and implementing long-term strategic plans.

"Myanmar is now well on its way toward democracy, but the new government has a lot of challenges to overcome," he said, adding, "Our priorities are democracy and peace."

He further stated tha...