Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Foreign Investment Surge Not Felt in Local Banks

​​ The government needs to monitor whether foreign investors are using their money or not as foreign currency has yet to inflow into local banks, Khin Maung Aye, chair of Myanmar Bank Association. “Foreign investors are bringing their investment into the country at a time when the Myanmar Investment Commission is giving the green-light to […]

Navigating Myanmar’s New Business Landscape

SINGAPORE (Nov 1): As Myanmar undergoes a democratic transition, three trends are emerging from its new investment landscape under the new government, says OCBC in a report, This includes the Myanmar Investment Law which could be a game changer for businesses, both foreign and local. The first trend analyst Terence Wu notes is that manufacturing […]

Investment Law Rules and Regulations Released by March

NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance. The law, enacted by President U Htin Kyaw last week, […]

Lower house passes Myanmar’s long-awaited Investment Law

The lower house of parliament approved the Myanmar Investment Law yesterday, taking the long-awaited draft a step closer to becoming law. The legislation, which combines into one document the Myanmar Citizens Investment Law and the Foreign Investment Law, now moves to the upper house for consideration. The Myanmar Investment Commission (MIC) began working on a draft of the law […]

MIC to remain under ministry control

Myanmar’s new government will not allow the Myanmar Investment Commission to become an independent entity, but the MIC is planning to amend its policies to relax investment restrictions and direct more capital flows into manufacturing, its secretary U Aung Naing Oo has said. There have been discussions about an independent MIC for several years. U […]

Myanmar Investment Commission to Reform in June

RANGOON —The Myanmar Investment Commission (MIC) will be reformed this month in line with the Myanmar Investment Law, said Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA). “Each MIC term is only three years, so it’s time for new members to be appointed,” he said. The commission, which […]

Parliament to Revisit Investment Laws in Final Session

Burma’s outgoing Parliament convened this week for its final session before surrendering their seats to newly elected lawmakers, aiming to make strides on investment reform. Lower House parliamentarian Khine Maung Yi told The Irrawaddy on Tuesday that this week’s agenda is set to include discussion of two new investment bills, meant to streamline and update […]

Investors in seized hospital appeal to MIC

A fierce row has broken out in Mandalay between the city’s development committee and developer City Man over the city’s seizure of the former Royal Rose hospital site. The company has sought help from the Myanmar Investment Commission to recover the land and the building, in Chan Aye Thar San township, which was seized on […]