fbpx

DICA

Directorate of Investment and Company Administration

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Myanmar steps up on company director accountability

Company directors in Myanmar now face legal repercussions if they fail in their corporate duties under the new Myanmar Companies Law, which came into force last August. Articles 165-172 of the Companies Law includes a set of directors’ duties, aimed at ensuring that a company is properly run and managed in the best interests of […]

Myanmar Investment Commission accused of transparency failures

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> Exclusive: Multiple transparency failures by the Myanmar Investment Commission to publicise proposed infrastructure projects are exacerbating tensions between local communities, the government and big business. An investigation by The Myanmar Times shows that more than two years since the Investment Law came into force, legal requirements for disclosure by both the MIC and […]

Chinese cattle breeder invests in Myanmar, plans to export

The Myanmar Invest Commission (MIC) last month permitted China’s Kangrui Agriculture & Livestock Development Company to invest in the raising of cattle in Myanmar. The investment will involve an injection of US$37 million in funds. A breeding facility will be established in Mahlaing Township, Mandalay Region. Kangrui Agriculture & Livestock Development Company, which is 90 […]

Better implementation of the law needed to draw foreign investors

Lack of coordination between the Union and regional governments on development policies, red tape and weak implementation of new laws has hampered the flow of foreign direct investments (FDI) into Myanmar, said U Aung Naing Oo, permanent secretary of the Ministry of Investment and Foreign Economic Relations. U Aung Naing Oo pointed out that having […]

Myanmar produces first corporate governance scorecard

Myanmar companies need to improve their business practices to become more competitive in local and regional markets, a new report shows. The Myanmar Corporate Governance Scorecard 2018 is the first report of its kind in the country and assesses the performance of 24 companies in the country. It is published by the International Finance Corporation […]

New Yangon port to be constructed as trade volumes rise

Adani Yangon International Terminal is developing a container terminal in Ahlone township, which is by the Yangon River, in anticipation of higher trade volumes in the coming years. The company, which is registered in Myanmar and incorporated in Singapore, received approval from the Myanmar Investment Commission on April 26 to develop, operate and maintain the […]

Large Corporations Dominate ‘TiME’ Transparency Ranking

The private sector is leading the way in terms of corporate transparency and disclosure, according to the latest Transparency in Myanmar Enterprises (TiME) report by the Myanmar Center for Responsible Business (MCRB). In the 2019 report, known in Burmese as “Pwint Thit Sa”, seven of the country’s leading companies, including its largest retailer City Mart […]

Myanmar public companies trail behind private firms in corporate disclosure

Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released on Tuesday. This is the fifth Pwint Thit Sa report (Transparency in Myanmar Enterprises) undertaken by Yangon-based Myanmar Centre for Responsible Business (MCRB) in […]

Singapore to invest in jetty and warehouse project

Singapore will invest 290.124 million US dollars in the construction of jetty and container warehouse under a BOT (Build-Operate-Transfer) system, according to Myanmar Investment Commission (MIC). The MIC gave the green-light to them, at its meeting on April 26. The project can create 1,176 new jobs for citizens. At the meeting on April 5, the […]