DICA

Directorate of Investment and Company Administration

Myanmar confident in hitting USD 6 billion in FDI for FY2016-2017

​​ Government financial chiefs, including the director general of the Myanmar Investment Commission (MIC) and secretary of the Directorate of Investment and Company Administration (DICA) Aung Naing Oo, have told foreign businesses that now is the time to invest in the country. At an event at the Novotel Yangon on March 18, Finance and Planning […]

KBZ Strengthens Remittance Services with US Banks

​​ After kicking off the US-Myanmar direct money transfer service, Kanbawza Bank (KBZ) has tried to establish a direct channel with US banks, KBZ managing director U Win Lwin told the media. Right now, KBZ has opened a USD settlement account in New York’s branch of Sumitomo Mitsui Banking Corporation (SMBC). Hence, direct money transfer […]

Belt and Road Sparks Investor Interest: HKTDC

​​ The Hong Kong Trade Development Council (HKTDC) led a delegation to visit Myanmar to meet with businesses, investors and government departments earlier this week. Having met officials from the Directorate of Investment and Company Administration (DICA) on February 21, Peter Wong, the head of the delegation and also HKTDC regional director (Southeast Asia and […]

SEZ to Import Japanese Agriculture Machineries

​​ Agricultural machinery manufacturer Yanmar Myanmar Co Ltd in Thilawa Special Economic Zone (SEZ) will not establish production lines in Myanmar but will import and distribute those machineries, Takesi Terada, the firm’s managing director, told the Myanmar Times. Yanmar Myanmar, a joint venture between Yanmar and the Japanese corporation Mitsui, has established import and distribution […]

 Foreign investment in hotel and tourism reaches US $2.7billion

​​ Myanmar has received foreign investment of more than US $2.687billion in 67 businesses in the hotel and tourism sector as of January 2017, the Directorate of Investment and Company Administration (DICA) reported. The hotel and tourism sector is the 7th industry most invested in, accounting for 3.87 percent. As of January 2017, foreign investment volume […]

New Investment Law Rules to be Announced in March

​​ RANGOON — Burma’s Directorate of Investment and Company Administration (DICA) will announce new regulations for the national investment law in early March, in time for the start of the 2016-2017 fiscal year, according do a senior DICA official. The current Foreign Investment Law and Citizen Investment Law—known together as the Myanmar Investment Law—were enacted […]

Consultation on Investment Rules Highlights Land Issues

​​ A public consultation on the regulations that will accompany Myanmar’s new investment law threw the spotlight onto the country’s complicated land legislation once again. But although they acknowledge the barriers that land rules present to potential investors, officials in charge of the investment law regulations say there is little they can do. The Myanmar […]

MIC Reports Investment High of More Than US$6 Billion Under NLD

​​ The foreign investment volume for Myanmar has reached over US$6 billion during the almost now eight months of NLD government leadership, exceeding original targets, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration (DICA) told a press conference on January 23. According to the foreign investment law, Myanmar received 106 enterprises […]

DICA: Shan State Investment Fair in Taunggyi on Feb 10, 2017.

This is a great opportunity to network with key directors at the Department of Investment and Company Administration (DICA) as well as key ministers and industry captains from the Shan State. Some of the VIPs you will meet at this event are U Maung Maung Tint, Director General, Planning Department, Ministry of Planning and Finance; […]

Most exports from MIC-registered firms

Around 58 per cent of exports between 2011 and 2016 were from businesses running under the official permission of the Myanmar Investment Commission (MIC), said commission secretary Aung Naing Oo. Exports earned more than US$7 billion in the 2011-12 financial year, US$6 billion in 2012-13, US$8 billion in 2013-14, US$7 billion in 2014-15 and US$6 […]