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Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

Local, foreign direct investments to be permitted as soon as possible in Mandalay Region

The Mandalay Region government will permit local and foreign direct investments (FDIs), as soon as possible, if the proposals meet the necessary terms and conditions, said Dr. Zaw Myint Maung, Chief Minister of Mandalay Region. The Mandalay Region Investment Committee was formed in July 2017 after the Directorate of Investment and Company Administration handed over […]

Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and […]