MIC Approves Another Offshore Oil and Gas Supply Base

The Myanmar Investment Commission (MIC) has approved an application to build an offshore supply base on Made Island, in Kaukphyu, Rakhine State, by the Myanmar Chemical & Machinery Company, according to an official MIC statement. The base will be developed on 146.7 acres of land in the Made village. The approval was granted after gas […]

FDA Crackdown on Formalin-Laced Food in Yangon

During a surprise check, officials from the Food and Drug Administration discovered several shops in Yangon selling food that contained illegal chemicals. According to the department, a variety of food from tofu, bean cakes, rice noodles contained formalin – a banned substance in food production. The surprise check was carried out on Wednesday night. About […]

DICA: Investment office set for recruitment campaign

In another sign that investment in Myanmar is picking up, the Directorate of Investment and Company Administration plans to expand its workforce by almost 40 percent to cope with its growing workload, an administrative official has told The Myanmar Times. It will also open offices in regional and state capitals, with the first of the […]