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MIC Suspends New Investments in Timber Businesses

Permission for to start new timber-based businesses will be temporarily suspended in Myanmar, the Myanmar Investment Commission (MIC) said in a November 16 statement, which was made public by the Directorate of Investment and Companies Administration (DICA) this week. To preserve the country’s forests and limit illegal logging activities, the MIC will temporarily stop issuing […]

Timber group replaces sub-contractors with service providers

This comes after it previously said no more sub-contracts would be issued. It announced that the decision to hire service providers was due to the MTE’s capacity limits. Experts have questioned the differences between sub-contractors and service providers and argued that transparency is essential in any reformed processes. Last year, the MTE announced that it […]