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 […]

YSX needs institutional investors, say industry figures

The Yangon Stock Exchange needs larger and more experienced investors to start trading as its current buyers lack experience, industry sources said at an Oxford Business Group capital market debate last week. The individual traders dominating the new bourse – also called retail investors – are poor at assessing a company’s financial health, analysing cash […]

Low risk tolerance investors waiting for results of 2015 election to invest

According to a report by consulting firm New Crossroads Asia – low risk tolerance investors are waiting for the results of the 2015 election before investing in Myanmar. Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) said there was some truth to this. “Reports that foreign companies are waiting […]

Foreign investment in commodity production rising

Cumulative foreign investment in the commodity-production sector reached more than US$4 billion at the end of May, according to the Directorate of Investment and Companies Administration. DICA said the investment had gone into 357 companies. These include manufacturers of beverages, electronic devices and construction materials. Total FDI reached $46 billion at the end of May, […]

Govt allows 707 foreign firms to operate in Myanmar

Foreign firms are flooding into Myanmar, and according to the Directorate of Investment and Companies Administration, through the end of April 2014, there are 707 foreign companies that have been allowed to operate in the country. Approximately 116 of those are being run by firms based in Singapore. Foreign countries which have invested in Myanmar […]

Japan’s World Novi to invest in Myanmar’s auto market

Japan-based World Novi Company will invest in Myanmar’s auto market, according to Directorate of Investment and Companies Administration (DICA). The World Novi Company works in car import and export business and related machine parts by connecting the Japanese private banks such as Bank of Tokyo-Mitsubishi UFJ Ltd, Mizuho Bank Ltd, Sumitomo Mitsubishi Banking Corporation and […]

Philippines’ Microtel Corporation prepares to invest in Myanmar

Philippine-based Microtel Corporation is preparing to invest in hotels, real estate and educational services in Myanmar, according to Myanmar Investment Commission (MIC). Jose Mari del Rosario, Chairman of Microtel Development Corporation, visited the Directorate of Investment and Companies Administration (DICA) in Nay Pyi Taw to discuss the rules and regulations regarding their investment. The Microtel […]

Thailand’s Sika eyeing to invest in Myanmar construction sector

The first and largest specialty chemicals company in Thailand, Sika, is planning to enter Myanmar’s construction sector, sources say. The company applied to the Directorate of Investment and Companies Administration (DICA) to open a branch office in Myanmar and the DICA approved its proposal on October 4. Sika (Thailand) was founded in 1989 and is […]

Deloitte Consulting to enter Myanmar

US-based Deloitte Consulting which are giving consulting services in South East Asia countries is planning to make investment in Myanmar, sources say. A representative from ICS Pte Ltd. of Deloitte Consulting came to Directorate of Investment and Companies Administration (DICA) on Thursday to discuss about rules and regulations of investment and opportunities to invest. The […]

Myanmar Japan joint-venture company to manufacture rice and rice products

Japan based Mitsui & Co. Ltd. and Myanmar Agribusiness Public Corporation Ltd. (MAPCO) had permission in September last week to form Myanmar Rice Industry Co. Ltd. to produce rice and rice products. Directorate of Investment and Companies Administration (DICA) allowed the registration of Myanmar Rice Industry Co. Ltd. in September 27 and the launching of […]