Regions and States Now Able to Green Light Business Proposals up to $5m

State and regional in­vestment commis­sions will be able to grant business proposals of up to $5 million as part of the new investment law.

Local investments un­der K6 billion and foreign investments of less than $5 million will no longer need to go through the Myanmar Investment Commission (MIC) to gain approval, MIC said last week.

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