US invests over US$2 million in Myanmar in January 2015

In January 2015, US companies invested over US$2 million in Myanmar, according to the Directorate of Investment and Company Administration (DICA). Among the 37 countries that received permission to investment in Myanmar through the end of December 2014, 32 still maintain investments in the country. The US was permitted to invest $243.565 million in Myanmar […]

Colgate-Palmolive to open factory in Myanmar

The Myanmar Investment Commission (MIC) has given U.S. company Colgate-Palmolive a licence to produce commodities in Myanmar. The company applied to the Directorate of Investment and Company Administration (DICA) to create Colgate-Palmolive (Myanmar) Ltd., and was granted permission on May 29. The MIC fully licensed the company on June 13. “We’ve experienced that Western companies […]

U.S.-based Colgate-Palmolive hopes to penetrate Myanmar market

U.S.-based Colgate-Palmolive is in Myanmar this week to discuss possible investment in the country, according to the Directorate of Investment and Company Administration (DICA). The company’s chief compliance counsel, John Smith, and his delegation met with DICA officials on Wednesday afternoon. Colgate-Palmolive is an American multinational consumer products company that specializes in household, health care […]

Deloitte Consulting to enter Myanmar

US-based Deloitte Consulting which are giving consulting services in South East Asia countries is planning to make investment in Myanmar, sources say. A representative from ICS Pte Ltd. of Deloitte Consulting came to Directorate of Investment and Companies Administration (DICA) on Thursday to discuss about rules and regulations of investment and opportunities to invest. The […]