DICA

Directorate of Investment and Company Administration

Chinese Group Proposes Major Garment Manufacturing Hub in Northern Myanmar

YANGON—A Chinese textile group has submitted a proposal to implement an international textile manufacturing cluster project in a major town in Sagaing Region, an economic hub for Upper Myanmar, at an expected cost of more than US$370 million (493.49 billion kyats). The Ministry of Planning, Finance, and Industry (MOPFI) said China’s Jiangsu province-based Eastern Development […]

Businesses positive of reform, policy change in post-election Myanmar

Myanmar’s incoming government was urged to consult and work more closely with the private sector and scale up COVID-19 support for small businesses, corporate figures said at a forum on January 12. Speakers at the virtual panel discussion “Myanmar in 2021: Navigating Reform, Recovery and RCEP” organised by the Myanmar-Hong Kong Chamber of Commerce and […]

Singapore tops FDI list in Myanmar in Q1

Singapore is the top source of foreign direct investments into Myanmar in the first quarter of the current financial year 2020-2021, according to the data released by the Directorate of Investment and Company Administration (DICA). The six Singapore-listed enterprises brought in US$161 million into Myanmar between October and December 2020. Singapore companies mainly put investments […]

Investment applications to go online in Myanmar

The Directorate of Investment and Company Administration (DICA) will launch an Online Investment Application function to facilitate the investment process with the aim of attracting responsible investors, said U Thant Sin Lwin, Director General of DICA. The new function permits companies to carry out the process for proposed investments online without having to physically go […]

Myanmar Signs up with EU’s EuroCham for More Investment

YANGON — Myanmar’s investment agency has signed a memorandum of understanding (MoU) with the European Chamber of Commerce (EuroCham) to attract more investment from the European Union as Myanmar drafts an economic reform and recovery plan to address the impact of COVID-19. On Wednesday, the Directorate of Investment and Company Administration (DICA) and EuroCham in […]

DICA, MIC issue guidelines for returning foreign executives

The Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission (MIC) has issued guidelines on international visitors who want to return to Myanmar to conduct urgent business during the pandemic. The two organisations have requested the government to allow foreign employees who are working in companies registered with the MIC and Myanmar […]

Myanmar Sets Out Re-entry Rules for Foreign Staff

YANGON—As Myanmar recorded its largest-ever daily spike in COVID-19 cases, the government’s investment agencies announced the criteria for foreign staff seeking to re-enter the country. Companies have recently submitted several applications to the Myanmar Investment Commission (MIC) and Directorate of Investment and Company Administration (DICA) to allow the re-entry of their foreign experts via relief […]

Myanmar Confident About Reaching Investment Target, Despite COVID-19

YANGON — Myanmar’s trade minister said he is confident foreign direct investment (FDI) will meet the government target for this fiscal year, despite the COVID-19 pandemic. During a live address on the economy and recovery plan, the minister for investment and foreign economic relations (MIFER), U Thaung Tun, said Myanmar received US$4.15 billion (5.8 trillion […]

Garment manufacturers show enthusiasm to turn to mask, PPE production

The foreign direct investments keep flowing into the country amid the COVID-19 crisis, and some garment manufacturers eye production of the mask and PPE (Personal Protective Equipment), which are the basic health and safety requirements during the pandemic, said Director-General U Thant Sin Lwin of the Directorate of Investment and Company Administration (DICA). “The foreign […]

Over 800 companies struck off register due to the absence of Annual Return

A total of 810 companies have been struck off the register as they fail to submit an annual return (AR) on the on- line registry system, MyCO, according to the Directorate of Investment and Company Administration (DICA). The DICA has notified any company which fails to submit its AR within 13 months will be notified […]