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FDI inflow expected to hit nearly six billion USD this FY

The inflow of foreign direct investments (FDI) is expected to hit nearly six billion US dollars in 2018-2019 fiscal year, according to Myanmar Investment Commission (MIC). From October, 1 to April 26 of this fiscal year, the total FDI reached 2546.905 million US dollars. At its meeting held at the Directorate of Investment and Company […]

MIC approves US$290 mln port, container yard development project last Friday

The Myanmar Investment Commission (MIC) recently gave the green light to one project for the development, operation and maintenance of the Ahlon International Port Terminal and container yard on a build, operate and transfer basis, with an estimated initial capital investment of US$ 290.124 million, according to the MIC. The project is a wholly foreign […]

Yangon Investment Forum 2019 – 10th & 11th May 2019, Lotte Hotel Yangon

ABOUT YANGON INVESTMENT FORUM 2019 The Yangon Investment Forum 2019 is Organized by the Myanmar Investment Commission, Yangon Region Government and the Yangon Region Investment Committee, with Myanmar Investors Development Association (MIDA) acting as exclusive sponsor. The forum will be two days event – the first day will consist of the speeches by high ranking […]

Myanmar Strategic to open company’s first international school

Myanmar Strategic Holdings Ltd (MSH) on has said it received an investment permit from the Myanmar Investment Commission for the company’s first international school, Yangon American International School, according to an Alliance News article. Headquartered in Singapore and Yangon, its earliest investments were made in the hospitality market, starting in August 2014, with the acquisition […]

ADB Forecasts Myanmar’s Economy to Resume Growth This Year

YANGON — The Asian Development Bank (ADB) expects Myanmar’s economy to resume growth this year and continue to expand in the next thanks to more foreign investment and a positive response to the government’s economic and policy reforms. The Asian Development Outlook 2019 forecasts Myanmar’s economy to grow by 6.6 percent in 2019 and by […]

U Aung Naing Oo leaves DICA for a new role

A key architect of the government’s economic reform is to be transferred to assist newly minted minister U Thaung Tun. U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) has been named the new director general of the Office of the Union Investment and Foreign Economic Relations under Minister […]

Chinese Developer’s Grand Claims Spark Fresh Concern in Karen State

YANGON — A Chinese company behind an urban development project near the Thai border in Karen State says it is planning to build on a swath of land under the control of a local armed group many times the size it was granted by the government. The Myanmar Investment Commission (MIC) approved 25.5 acres of […]

Transportation services in Mergui archipelago to begin with two Bell helicopters

Transportation services for islands located near Kawthoung will start with two Bell helicopters in the coming tourist season, according to LTR Pte Ltd, officially representing Bell Helicopters in Myanmar. “We are making area developments in islands located near Kawthoung with the approval from Myanmar Investment Commission (MIC). It will take about 3 hours to visit […]

Ayeyarwady Region Investment Fair on 30th Nov to 1st Dec 2018 at Ngwe Saung Beach

The Ayeyarwady Region Investment Fair is jointly organized by Myanmar Investment Commission (MIC), Japan International Cooperation Agency (JICA), Ayeyarwady Region Government and supported by Japan External Trade Organization (JETRO) and Myanmar Survey Research (MSR). The Ayeyarwady Region Investment Fair will be held at Yamonnar Oo Resort Hotel, Ngwe Saung Beach, Pathein Township on November 30, […]

Myanmar Fails to Advance in World Bank’s Ease of Doing Business List

YANGON—Myanmar showed no improvement in its overall ranking in the World Bank’s latest ease of doing business index, retaining the No. 171 spot it held last year—and remaining the least favorable ASEAN member country in which to conduct business. Illustrating the ambitious nature of the government’s goal of reaching the top 100 by 2020, Myanmar […]