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DICA

Directorate of Investment and Company Administration

‘Creating triple wins’: inclusive business in Myanmar

They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]

Companies should clean up their acts to fend off corruption risks

Transparency International’s 2017 Corruption Perception Index ranks Myanmar at 130 out of 180 countries, showing that we have a long way to go in both corporate governance and uprooting graft. Nevertheless, over the last two years, Myanmar has advanced from a low base. The new Companies Laws (2017) and Rules (2018) revised the legislative framework, […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

New investment ministry should be ‘substance over spin’

U Thaung Tun’s new ministry should be an effective voice of business in government, challenging line ministries on red tape while ensuring all business-related laws are properly consulted on. WITH liberalisation stalled, investor interest falling, and criticisms from the private sector increasingly vocal, the National League for Democracy-led (NLD-led) government has gone on the charm […]

Despite investor interest, no power projects yet in Chin State

Although companies have shown a keen interest in power projects in Chin State, no project has been implemented yet, said Dr. Min Zaw Oo, the director of the Chin State’s Office of the Directorate of Investment and Company Administration. “The Chin State government is prioritizing hydropower investments. But the projects have many phases, processes, and […]

Foreign Investment in Myanmar on the Rise: Deputy Minister for Planning and Finance

YANGON—Myanmar’s deputy minister for planning and finance said foreign investment in Myanmar is on the rise, stating the country has so far attracted more than $12 billion in foreign investment since the National League for Democracy (NLD) government took office in 2016. U Set Aung told the country’s Lower House on Tuesday that from 2016 […]

Daw Suu pitches Myanmar to ASEAN, vows to improve business environment

State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]

Myanmar-Singapore joint venture increases capital in aviation fuel import

A Myanmar-Singapore joint venture company has increased its capital injection by 10.2 million U.S. dollars in aviation fuel import, storage and distribution businesses, Xinhua has reported. The National Energy Puma Aviation Services Company is shared by state-owned Myanmar Petroleum Products Enterprises and Singapore-based Puma Energy with the Myanmar enterprise company holding more stake. With an […]

EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

Puma Energy JV expands $10 mln capital for aviation fuel services in Myanmar

National Energy Puma Aviation Services Company, which is joint venture between Singapore-based Puma Energy and Myanmar Petroleum Products Enterprises under the Ministry of Electricity and Energy, made capital expansion of over US$10.204 million in aviation fuel import, storage and distribution businesses, according to the Directorate of Investment and Company Administration (DICA). “The government holds more […]