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 […]

FDI could exceed MIC’s target in 2017-18, but still lower than previous years’

Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]

Myanmar workers in Thailand victims of a broken system

MYAWADDY, Myanmar: With only meagre belongings stuffed into backpacks and duffel bags, tens of thousands of Myanmar migrants have streamed home across the Thai border over the past two weeks. But it is not a joyous homecoming for the truckloads of men and women, who fled Thailand in fear of a new law that hardens […]

Myanmar to Conduct Inland Ports Consultation

Subscribe to our tender alert mailing list As part of its plans to expand Myanmar’s economy, the government will open consultations on Saturday with regional authorities to initiate six new inland water port terminals, four on the Ayeyarwaddy River and two on the Chindwin River. The consultations are part of the implementation of Myanmar’s National […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]

Dutch businesses keen for deals in Myanmar

A DOZEN Dutch companies took part in the Netherlands’ first trade mission to Myanmar last week, reflecting keen interest to expand business ties. Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations. Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a […]

French Chamber and UMFCCI to Support Myanmar-EU Trade

The French Myanmar Chamber of Commerce and Industry (CCI France Myanmar) and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) signed a memorandum of understanding (MoU) on May 5 to strengthen partnership with a focus on supporting SMEs and Myanmar businesses. CCI France Myanmar said that the agreement comes at a […]

 Foreign investment in hotel and tourism reaches US $2.7billion

​​ Myanmar has received foreign investment of more than US $2.687billion in 67 businesses in the hotel and tourism sector as of January 2017, the Directorate of Investment and Company Administration (DICA) reported. The hotel and tourism sector is the 7th industry most invested in, accounting for 3.87 percent. As of January 2017, foreign investment volume […]

MIC Recommends Constructing Garment Factories in Sittwe

​​ RANGOON — The Myanmar Investment Commission (MIC) recommended constructing garment factories in Sittwe Township’s Ponnakyun town, according to a statement released last week. The statement was a response to the Central Committee for Implementation of Peace and Development in Arakan State—formed last year and led by State Counselor Daw Aung San Suu Kyi—that asked […]

Myanmar Investment Law Seminar by Malaysian Business Council on 16 Jan 2017

You can learn more about how to submit your MIC permit by clicking here   DO YOU WANT TO BE INFORMED OF NETWORKING SESSION HERE IN YANGON?If you are a foreign investor and want to be updated on the networking activities organized by the various Chambers of Commerce, Private Banks and major organizations especially when […]