Permitted investments, local and foreign, on the increase

They were commenting on the announcement by the Directorate of Investment and Companies Administration (DICA) that Myanmar Investment Commission (MIC) had permitted 204 local and overseas investments in the first six months of the current financial year. MIC handed out 27 permits in September alone. The 204 permits granted so far this year represent a […]

Refinery deal in Myanmar key for Guangdong Zhenrong Energy

Guangdong Zhenrong Energy Co, a major Chinese bulk commodity trader, expects the country’s “One Belt One Road” strategy to help boost its overseas investments, which in its case includes a planned massive oil refinery in Myanmar. The country’s New Silk Road Economic Belt and the 21st Century Maritime Silk Road strategies were launched in 2013 […]