Myanmar Investment Commission to delegate power to state authorities

The laws will be changed to allow the Myanmar Investment Commission to delegate power to regional authorities, said Daw Le Le Thein, deputy minister for National Planning and Economic Development who put forward the bills. “The intention is to share the mandate with regional governments,” she said, adding that if foreign investments can be approved […]

Developers look for sites in Yangon

YANGON, 31 August 2015: Myanmar Investment Commission says the relocation of five cancelled real estate projects planned for sites close to Yangon’s Shwedagon Pagoda will be finalised by the end of the year. Irrawaddy media quoted MIC secretary, Aung Naing Oo, saying investors would be given alternative plots in Yangon to compensate for the government’s […]