Myanmar Total Foreign Investment Reach US $70 billion This Fiscal Year.

Myanmar has received 1,246 different types of foreign investments totaling to more than $70 billion between the 1988-1989 and 2016-2017 fiscal year, according to official statistics of Directorate of Investment and Company Administration (DICA). The total foreign investment volume from 1988-1989 to 2002-2003 was $7.5billion. The following year investments received totaled $91million in 2003-2004 fiscal […]

Invitation of Request for Proposal Investment, Design, Development, and Operation of Hotel Project and Service apartment Located in The Residential and Commercial area in Thilawa SEZ. Closing Date 15 Nov 2016

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Request for proposals are invited from well reputed, financially sound, having experience of similar work and international and local experienced company for the following projects: (1) Investment, Design, Development, and Operation of Hotel Project (2) Investment, Design, […]

MIC pushes through dozens of investment approvals

The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]

Hopes and hurdles await Myanmar’s new government

A novice administration led by Aung San Suu Kyi and her president proxy Htin Kyaw takes office later this month, facing a raft of challenges – including conflict, poverty and a still powerful military. NAYPYIDAW: Nestled among towers of moldering paperwork, the few flickering computer screens at Myanmar’s information ministry are a sign that change is […]

Govt to issue revised tax brackets

Parliament is expected to announce new tax rates as early as next month in a bid to raise revenue from 3 to 4 percent of GDP to 4.5pc for the 2014-2015 fiscal year – and to more than 10pc in future years, officials said. U Win Myint, a member of parliament’s Banks and Monetary Affairs […]

Australian Law Firm Webb Henderson appointed as Legal Counsel for Ooredoo

Webb Henderson has ventured some distance from its humble origins as a trans-Tasman firm with its latest achievement: the firm has been appointed as legal and regulatory advisors to Qatar, Abu Dhabi and London-listed communications company Ooredoo for its Myanmar operations. The firm is advising Ooredoo on strategic regulatory, corporate and commercial matters as Ooredoo […]