Companies Must Submit Annual Reports to DICA Starting February 2019

In order to understand the overall scope of investments in the country, the Directorate of Investment and Companies Administration (DICA) has ordered companies to submit annual reports starting from February 2019. Looking at the annual reports, DICA can determine how many companies made investments in which sectors or types of businesses during the previous year. […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

70% of foreign investment comes through Yangon

About 70 per cent of overall foreign investment flowing into Myanmar comes through Yangon region, said Deputy Director Than Aung Kyaw from the Directorate of Investment and Companies Administration (DICA). Investment committees from regions and states are allowed investments worth US$5 million and 6 billion kyat. Yangon region investment committee allowed 27 foreign investments and […]

Mya Khwa Nyo Housing Project to be built under Chinese investment

YANGON- Myanmar will be implementing Mya Khwa Nyo Housing project which cost over US$ 70 million joining hand with the Chinese investment, according to the press conference organized by Myanmar Investment Commission held on January 19th. The project will be built on over 3-acre wide land plot in Tharkayta Township, Yangon Region. “It is China- […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]

MIC Suspends New Investments in Timber Businesses

Permission for to start new timber-based businesses will be temporarily suspended in Myanmar, the Myanmar Investment Commission (MIC) said in a November 16 statement, which was made public by the Directorate of Investment and Companies Administration (DICA) this week. To preserve the country’s forests and limit illegal logging activities, the MIC will temporarily stop issuing […]

Japan shows little interest in investing agriculture sector

Japanese businesspeople have not shown much interest in investing Myanmar’s agriculture sector, according to a statement made on the sidelines of the 13th Joint Meeting of the Myanmar-Japan CCI Business Cooperation Committee. “The Myanmar-Japan cooperation committee has held its 13th meeting,” Dr Soe Tun, vice president of Myanmar Rice Federation, told the reporters. “However, Japan […]

Foreign firms have invested over $1bn in Thilawa SEZ

Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration. Among the remainder of the foreign investment, $101.2 million went to the commodity trading […]

Foreign investors keen to open petrol stations

YANGON- Foreign investors are very keen to open petrol and fuel filling stations in Myanmar. The Myanmar Investment Commission (MIC) says companies have asked if they are allowed to open domestic fuel stations. “Currently, no one has submitted a suggestion about the fuel market,” MIC secretary Aung Naing Oo said. However, foreign investors had asked […]

Commerce Ministry to Cut Luxury Goods Imports

​​ NAYPYIDAW — Burma’s Ministry of Commerce plans to restrict import of luxury goods including cosmetics in an effort to cut the country’s substantial trade deficit. The ministry also plans a tax on liquor and cigarettes sold at duty-free shops in airports, ministry spokesperson U Khin Maung Lwin told The Irrawaddy. “We will run a […]