Increased investment and trade for Myanmar

U Aung Naing Oo, the Director General of the Directorate of Investment and Company Administration (DICA), said the Myanmar Investment Commission (MIC) has approved 26 domestic and foreign companies to conduct investment in Myanmar. Nineteen of the approved companies are foreign businesses. They include 12 companies from the industrial sector, 1 company from the livestock […]

US$2,541million invested in hotel and tourism sector

A total of 65 foreign investment projects have been permitted to invest US$2,541.091million in the hotel and tourism sector in a three-month period, according to the statistics of the Directorate of Investment and Company Administration (DICA). These 65 foreign investment projects were granted permission between the end of August and the end of October, with […]

Singapore the top investor in Myanmar hotels and tourism sector

Singapore has become the top investor in Myanmar’s hotels and tourism sector, with a total investment of more than US$ 880 million (Ks 847.44 billion), according to the Myanmar Infrastructure Summit held on Tuesday (March 18). “Nay Pyi Taw, Mandalay, Bagan and Inlay regions have seen a massive influx of tourists after Yangon,” said Hlaing […]