Economy and commerce
Investment
New Investment Law Rules to be Announced in March
RANGOON — Burma’s Directorate of Investment and Company Administration (DICA) will announce new regulations for the national investment law in early March, in time for the start of the 2016-2017 fiscal year, according to a senior DICA official. Keep reading ...
Government Eases Trade Restrictions
RANGOON — Burma’s government has announced a plan to ease trade restrictions on joint ventures between local business people and foreign investors, U Yan Naing Tun, director general of the Ministry of Commerce, told The Irrawaddy.Keep reading ...
Investment Law Rules and Regulations Released by March
NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance.Keep ...
Two former ministers, one secretive agency, and some million dollar questions
MPs and veterinarians are seeking information about a little-known government agency that controls land assets valued in the hundreds of millions of dollars.YOU’VE probably heard of JICA, the Japan International Cooperation Agency. But what about MICA, the Myanmar International Cooperation Agency? No, Myanmar is not ...
Myanmar Investment Law approved
The government has approved a bill on the Myanmar Investment Law, which is aimed at promoting foreign investment, state media reported on 6 September.Keep reading ...
Power plant tender winner to be announced next week
The Ministry of Electricity and Energy will announce the winners of a tender to build a 300-megawatt power plant in Yangon next week, ministry officials said.The tender was issued in July for a five-year contract to supply 300MW of power to Yangon each day – ...
Myanmar’s 5 growth sectors highlighted
By thiha INFRASTRUCTURE, ICT, agriculture and processing, manufacturing and tourism are highlighted as the most attractive sectors for Thai investors looking to establish a presence in Myanmar. At a seminar hosted yesterday by Bangkok Bank, Nattawin Pongpetrarat, vice chairman of the Thai Business Association of Myanmar, ...
Real estate sector FDI approvals account for bigger share this year
Myanmar’s real estate sector is receiving a far larger share of overall approved foreign direct investment (FDI) so far this fiscal year, according to data from the Directorate of Investment and Company Administration (DICA).As of August 31, real estate had received 15 percent of total ...
Lifting US sanctions: right or wrong?
Two weeks ago the Obama administration declared that it will drop all remaining economic sanctions imposed on Myanmar. Since 1997, when the sanctions were established as a response to the gross human rights abuses being committed by the country’s ruling junta, they have prevented any ...
No need to seek approval from MIC for investment except for businesses with environmental impact
Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments.Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned.Keep reading ...
