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Myanmar stresses importance of rule of law for national development

YANGON, March 12 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the importance of rule of law and its effect on national development, calling for enforcing rule of law to achieve peace for development. Addressing the Conference on Justice Sector Coordinating for Rule of Law in the capital of Nay Pyi Taw, […]

Foreign investment exceeds $5 bn

Foreign investment volume reached more than US$5 billion (6.76 trillion kyat) as of the third week of December in FY 2017-2018, reaching above 90 per cent of the target for foreign investment for the year, a source from the Myanmar Investment Commission said. The Myanmar Investment Commission approved 174 businesses and nearly $4.15 billion up […]

Twelve enterprises recently permitted by MIC

The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A total of 4,343 job opportunities are created from those permitted enterprises. They consist of two Myanmar citizen enterprises, two foreign enterprises and eight joint […]

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 […]

Transportation and communication sector receives largest investment

Out of 93 investment businesses, the transportation and communication enterprises have received the largest investments as of the end of October in this fiscal year, it is learnt from the Directorate of Investment and Company Administration (DICA). The transportation and communication sector is placed at the top with an investment of US$1,014.48million, followed by the […]