China Faces Increasing Competition in Myanmar

Chinese domination of Myanmar can not be denied, as China is Myanmar’s top trading partner, and over the past three decades has also emerged as the single largest source of foreign direct investment (FDI) in the southeast Asian state. Myanmar-China bilateral trade had already reached $5.5 billion in the first half of the present fiscal […]

DICA office opens in Rakhine State

The Rakhine State branch of Directorate of Investment and Companies Administration (DICA) opened on Monday in conjunction with a briefing on investment matters and procedures. Kyaw Win, chairman of Myanmar Investment Commission (MIC) and Union Minister for Planning and Finance, and Rakhine State Chief Minister Nyi Pu made speeches. MIC Secretary and DICA Director-General Aung […]

Draft foreigner laws reincarnated as DICA announcement

ELEMENTS of the draft foreigner laws are back, in another form, to haunt businesses and investors. The government’s newly expanded requirements on hiring foreign employees have been criticised as “burdensome and disruptive” and “another incarnation” of the draft foreigner laws which were submitted to the legislature in February. A leading legal expert has described the […]

More investments are left to allow: DICA

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA). The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said. Moreover respective investment commissions found in regions […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]

MIC Approves Foreign Forestry Joint Venture

The Myanmar In­vestment Commission (MIC) has green lit their second ever foreign investment in the forestry sector, according to a Directorate of Investment and Company Administration (DICA) on August 30. The Investment was awarded to Global Agriculture Joint Venture Co., Ltd, a joint venture between UK company Kruilight Co., Ltm. and the Department of Forestry. […]

Singapore leads foreign investment

More than US$3 billion worth of investment entered Myanmar by August this financial year and Singapore topped the list of foreign investors, according to the Myanmar Investment Commission (MIC). Singapore has traditionally been used as a conduit by investors in countries where economic sanctions have been imposed on Myanmar. The MIC said it allowed about […]

Why Myanmar is important to Japan

From the Thilawa Special Economic Zone (SEZ) to a large-scale mixed development project just opposite Shwedagon Pagoda in the heart of Yangon City, Japan’s presence in Myanmar is growing fast. Since 2012, its combined investments in Thilawa and that approved by the Myanmar Investment Commission (MIC) have risen by 6.3 times, to US$341 million in […]

Myanmar striving to lure foreign investment

Myanmar continued to strive for attracting foreign investment into the country in the current 2017-18 fiscal year which began in April. During the first four months of the fiscal year up to July, 3.1 billion U.S. dollars of the investment was brought in from 95 enterprises of 20 countries, creating 30,000 job opportunities for local […]

Companies eye Marnaung Island as new tourism hot spot

The Rakhine State government, Marnaung Public Co and FMI Public Co have submitted a proposal to set up a tourism project on Marnaung Island in Rakhine State to the Myanmar Investment Commission (MIC), Hotels and Toursim Minister Ohn Maung. The minister relayed the information in response to a question from Lower House MP Tin Nu […]