MIC approves investment in new ILBC campuses

The International Language & Business Center (ILBC) has been permitted to invest $52 million to provide private educational services in Yangon, Mandalay, Nay Pyi Taw, according to the Myanmar Investment Commission (MIC).

ILBC is planning to launch the new campuses in April next year. The organisation has already established 30 campuses in 9 major cities in Myanmar providing preschool, kindergarten, primary school, secondary school curricula as well as English proficiency courses. Eight of these schools are in Yangon. The overall ILBC student population amounts to 13,000 students with 2,500 attending ILBC schools in Yangon.

Earlier this year, the Yankin township municipal administrative office sued the ILBC campus on Pyi Thar Yar street in Yangon under the municipal law following a mounting number of complaints that the school was causing major traffic congestion in the area as a result of the number of cars that come to drop off and pick up children from the school.

Yankin also sued the school in November and December last year. Residents from the area have also petitioned to relocate the Pyi Thar Yar campus.

Besides ILBC, the MIC on July 7 also approved investments in steel production in Yangon by J.R Family, India, as well as in the manufacturing and assembly of four-wheel motorcycles in Bago by Taiwan’s Her Chee Industrial Company.

Source: Myanmar Times

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