Union Minister Thaung Tun appoints as MIC’s Chairman

Thaung Tun, Union Minister for the Office of the Union Government is appointed as Chairman of Myanmar Investment Commission (MIC), according to Directorate of Investment and Companies Administration (DICA). He was a commission member before and now he is promoted as the chairman of the commission. He succeeded former Union Minister for National Planning and […]

Local and foreign investments create over 110,000 jobs in 2017-18 FY

Local and foreign investments allowed by Myanmar Investment Commission (MIC) in 2017-18 FY will create over 110,000 job opportunities, according to Directorate of Investment and Companies Administration (DICA). A total of 93,197 domestic workers and 2,508 foreign workers will be employed in 222 foreign investments in this fiscal year. Over 21,500 domestic workers and 467 […]

Investors to be invited for China-Myanmar Economic Corridor

YANGON- Government will be inviting local and international investors aiming to build basic infrastructures such as industrial zones, urban development projects and agricultural zones which are being included in China-Myanmar Economic Corridor project, says Directorate of Investment and Companies Administration (DICA). China is implementing the One Belt, One Road Initiative. Moreover, economic corridor project also […]

More investments are left to allow: DICA

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA). The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said. Moreover respective investment commissions found in regions […]

Permitted investments, local and foreign, on the increase

They were commenting on the announcement by the Directorate of Investment and Companies Administration (DICA) that Myanmar Investment Commission (MIC) had permitted 204 local and overseas investments in the first six months of the current financial year. MIC handed out 27 permits in September alone. The 204 permits granted so far this year represent a […]

Mitsubishi & Nippon Koei eye to invest in Myanmar

The Japan-based Mitsubishi Materials Corporation and Nippon Koei companies are discussing plans to invest in Myanmar according to official reports. Executives from the two companies were meeting officials from Myanmar’s Directorate of Investment and Companies Administration (DICA) who reported discussing matters relating to the rules and regulations of foreign investment. Mitsubishi Materials Corporation is manufacturing […]