France’s TOTAL Company Suggests Local Fuel Dealing to MIC

DENKO fuel station being opened in Mawlamyaing Township, Mon State (Photo-DENKO Facebook) France-based Total Company has proposed a local fuel deal in cooperation with the Denko Trading Co. Ltd., to Myanmar Investment Committee (MIC). They have requested approval from the Ministry of Electricity and Energy, according to Directorate of Investment and Companies Administration (DICA). “Currently, […]

Foreign Investors Eye Electricity Sector

Foreign companies are in discussion with the Myanmar Investment Commission (MIC) over possible investment in huge electricity projects, according to the Directorate of Investment and Companies Administration (DICA). “We are in discussion but the details have not been announced yet. The electricity projects are at least US$300 million investments and some are up to US$500 million. They came to the […]

Foreign Firms Allowed Trade Agricultural Products, Constructional Materials

Myanmar has allowed foreign companies to engage in both wholesale and retail trading of fertilizer, pesticide, seeds, hospital equipment and construction materials, according to Notification 36/2017, issued by the Ministry of Commerce. Foreign firms are allowed to do so in line with prescribed health and safety codes and international trade procedures so that the country […]

Investment Law Rules and Regulations Released by March

NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance. The law, enacted by President U Htin Kyaw last week, […]

New Companies Act to relieve some burdens on SMEs

The upgraded Myanmar companies act will remove some burdens on small and medium enterprises, according to the Directorate of Investment and Companies Administration (DICA). “We have upgraded some of the provisions (of the existing Myanmar companies act) to be in line with the current situations and to help promote the SMEs and small companies in […]

US Investment in Burma Forecasted to Increase

RANGOON — US investment in Burma has strong potential to increase this year, experts said at a US-Burma Economic Relations seminar in Rangoon on Monday. Entitled “US-Burma Economic Relations: The Next Phase,” the seminar was jointly organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the United States Chamber […]

Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

Singapore tops FDI list

Foreign investment exceeded US$2 billion in the first five months of the year, with funds from Singapore accounting for $1.9 billion of the total, the Directorate of Investment and Companies Administration said. Investment from Thailand ranked second, at $114 million. Investment from mainland China was $51 million, while Hong Kong investment totaled $42 million. Japan, […]

Britain 4th place in foreign investment standing in Myanmar

Britain is listed fourth in foreign investment to Myanmar after investing more than US$ 256 million between January and September, according to Directorate of Investment and Companies Administration (DICA). Britain has invested more than US$ 3 billion in 62 businesses and currently stands behind China, Thailand and Hong Kong. Total foreign investment to Myanmar is […]