Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]

Developers push for production materials to be made locally

The boom in construction has prompted local developers to press for the production of home-grown building materials. They say manufacturing steel and cement here instead of importing them could cut costs and create jobs. Recent economic reform have made construction sector the most developed sector of the economy, and attracted many foreign developers. “The construction […]