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Yangon’s growing trade demands deeper port to ease logistics woes

A DEEP-SEA port with access to the commercial capital should be built to cater for significant volume increase in trade if Myanmar aspires to develop into a competitive import-export economy, logistics businesses from the European and Japanese chambers told The Myanmar Times. European logistics businesses have called for a deeper port to be constructed in […]

15 days for regional investment commissions to assess applications

The Myanmar Investment Commission will retain the power to approve or reject applications for tax incentives. Regional and state investment commissions are given 15 working days to review an application once they have accepted a submission from an investor, according to Notification No 25/2017 released by the Myanmar Investment Commission. The Myanmar Investment Commission (MIC) […]

MIC expands amid reforms

The Myanmar Investment Commission (MIC) has been reorganised with three new members, according to a news release by the Directorate of Investment and Company Administration (DICA) on June 14. The MIC is a government-appointed body which is responsible for verifying and approving investment proposals and regularly issues notifications about sector-specific developments. The previous appointments to […]