Joint-Venture Between British and Myanmar Firms Eyes Oil and Gas Sector

​​ A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of understanding (MoU) at the Sule Shangri-La Hotel on […]

Incentives needed to legalise business, says DICA chief

According to the Directorate of Investment and Company Administration (DICA), around 71,000 companies have officially registered since 1988 when Myanmar amended its investment laws. This number is lower than the official figures in other ASEAN nations. However, DICA’s director general U Aung Naing Oo stressed that the real number of companies in Myanmar is much […]

Britain Sets Up Chamber of Commerce in Myanmar

YANGON — The first ever British Chamber of Commerce has been registered to work in Myanmar, in a move the UK hopes will assist companies from the former colonial power looking to set up operations here. The body, which will work with the local Union of Myanmar Federation of Chambers of Commerce (UMFCCI), was launched […]