MIC Working to Avoid Line Ministry Approval for Investments

The Myanmar Investment Commission (MIC) is working on guidelines that would allow foreign investors to avoid the time-consuming process of asking government ministries for permission under the new Myanmar Investment Law. Receiving a green light from line ministries is already a “big barrier” for investors in Myanmar, whereas dealing directly with MIC takes much less […]

EU chamber pledges to build commercial ties

The European Chamber of Commerce in Myanmar officially opened on December 12, providing a forum for EU businesses to engage with their Myanmar counterparts and government officials. The chamber launches as trade between the 28-member bloc and Myanmar reached 570 million euros (US$710 million) in 2013, a 44 percent increase on the year previous. The […]