MIC Approves Three Foreign Investments


The Myanmar Investment Commission (MIC) granted permission to three foreign investments, including a garment business.

The MIC met on December 1 to decide about the proposed foreign investment projects.

The projects included a clothes producer, a soft drink container producer and distribution industry and power system installation and maintenance of telecommunication equipment services.

Kingsrich Fashion Limited will run a clothing factory in Yangon Region’s Shwepyithar Industrial Zone as a 100-per-cent foreign investment.

Crown Beverage Cans Myanmar Limited will make soft drink containers and a distribution  network at Mingaladon Industrial Zone in Yangon as a joint venture.

The power system installation and maintenance of telecommunication equipment services will be operated by Linfra Limited in Hlaingthayar Township as a foreign investment.

The commission says 2,217 jobs will be created by the new businesses.


Source: Eleven Myanmar

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19


Looking for foreign investors to invest in your business in Myanmar