DICA

Directorate of Investment and Company Administration

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

Anti-corruption drive dodges political donations and criminal liability

Nay Pyi Taw has stepped up its efforts to curb corruption by empowering the anti-graft body and reaching out to the private sector. Yet, the announcement from the Directorate of Investment and Companies Administration (DICA) has created confusion among businesses. Crucially, there are still no criminal liability for offering bribes and no effective regulations on […]

Starbucks Suspends Move to Myanmar

Starbuck was plaining to open their first coffee shop in Myanmar, they have temporary suspended the operation with DICA, they plan to inform DICA about their future plans to open the store. “They filed the suspension a week ago which is only a temporarily suspension considering the situation of the world economy,’’ U Than Aung […]

Businesses call for lower taxes amid slowing economy

Myanmar businesses are urging the government to lower the country’s tax rates to alleviate pressure from the rising dollar exchange rate and slowdown in demand in recent months. According to the quarterly Business Sentiment Survey by the Union of Myanmar Federation Chamber of Commerce and Industry (UMFCCI) released last month, Myanmar’s high taxation rates are […]

Myanmar Gets First Foreign Investments for Power Projects in Fiscal Year Transition

YANGON — Myanmar has received its first foreign investments in the power supply sector in the transitional six-month fiscal period, which started on April 1, according to the Directorate of Investment and Company Administration (DICA). A gas-fired power plant will be built in Mandalay Region’s Singaing Township as part of a joint venture between China’s […]

Companies Must Submit Annual Reports to DICA Starting February 2019

In order to understand the overall scope of investments in the country, the Directorate of Investment and Companies Administration (DICA) has ordered companies to submit annual reports starting from February 2019. Looking at the annual reports, DICA can determine how many companies made investments in which sectors or types of businesses during the previous year. […]

At least five more years needed for Myanmar to go cashless

Myanmar’s cash dependent economy has become a burden on the government’s coffers in recent years and a widespread adoption of an electronic payment system in the country is needed. Yet, experts say it could take a minimum of five more years for society to go cashless. “It costs the government money to print cash and […]

Myanmar official says ‘totally underestimated’ economic impact of Rohingya crisis

A Myanmar foreign investment official said on Wednesday he “totally underestimated” the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country’s reputation. Asked at an investor forum in Singapore what impact the crisis had on Myanmar’s economy and investment, […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

MSH’s Wall Street English to provide English language courses to DICA

Myanmar Strategic Holdings, the developer and operator of consumer businesses located in Myanmar, yesterday announced that it will be partnering with the Directorate of Investment and Company Administration (DICA) in the provision of English language courses to support the development and growth of business in Myanmar. Under the terms of the one-year partnership, London-listed MSH […]