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New China-Backed Industrial Zone Being Constructed in Ayeyarwady

The Myanmar Investment Commission (MIC) has approved the construction of a new industrial zone in Maubin township, Ayeyarwady region, said MIC secretary U Aung Naing Oo. The Maubin Industrial Zone is now being developed on 250 acres of land in Maubin. Construction of the zone commenced in May this year, although official MIC permission was […]

Myanmar Carlsberg company prepares to start operation

BAGO – Myanmar Carlsberg company is preparing to invest in Bago industrial zone, sources say. Myanmar Carlsberg’s Finance and Business Planning Director Mr. Dheeraj Mishra met with Director General of Directorate of Investment and Companies Administration (DICA) Aung Naing Oo on December 18 to discuss about the required rules and regulations to make investment. Myanmar […]

MIC allows more foreign companies to invest in garment sector in Myanmar

Myanmar Investment Commission has granted permission to companies from China, Hong Kong, and Taiwan to do business in local CMP garment industry with 100% foreign investments, according to official data. A Hong Kong-based company and local B&N Garment Myanmar Company have been permitted to do their garment businesses in Hlaing Tharyar Industrial Zone (2) in […]