MIC approves new projects worth $100 million

The Myanmar Investment Commission (MIC) has approved nine new projects in its fourth round of licensing since the new government took power. In the meeting, held last week, the commission approved four foreign investments worth US$62 million and five local investments worth more than K32 billion, according to Directorate of Investment and Company Administration (DICA) […]

Myawaddy industrial zone set for 2017 opening

An industrial zone under development in Kayin State is expected to open in fiscal year 2017, according to officials. The Myawaddy industrial zone is being built on a 201-acre site between Myawaddy and Thingan Nyi Naung, just 7 miles (11 kilometres) from the Thai-Myanmar border. “The state government hasn’t set a time limit on the […]