Investment laws may be combined, says official

The Foreign Investment Department is considering combining the foreign and Myanmar citizens’ investment laws, its director in chief, U Aung Naing Oo, told Mizzima on December 4. U Aung Naing Oo stressed that no consideration was being given to amending the Foreign Investment Law, which was promulgated on November 3, 2012. “We are just thinking […]

Myanmar to spend Ks 33.4 billion budget to host Asean Summits

President’s Office has allocated a budget of Ks 33.4 billion (US$34 million) to host Asean Summit after Myanmar took over Asean Chairmanship, a senior official from the Ministry of Foreign Affairs said on Friday. Aung Htoo, deputy director-general of Asean Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the […]