The Clock is Ticking for Myanmar Government to Show Real Progress

Myanmar is not the only country in ASEAN which attracts foreign direct investments (FDIs), Simon Tay, chair of Singapore Institute of International Affairs (SIIA), said during the sideline interview of the 2nd ASEAN-Myanmar Forum held in the commercial capital yesterday. He added that the critical thing is to see some real progress in the next […]

Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties

Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union of Myanmar Federation of Chamber of Commerce and Industry on Friday signed a memorandum of understanding (MOU) with CCI […]

New Industrial Zones Planned

Five industrial zones are in the process of being selected, according to Aung Naing Oo, secretary of the Myanmar Investment Commission (MIC). “State and regional governments were asked to suggest appropriate areas for industrial zones and have provided lists. We need to further assess them. We’re now in the process of choosing the sites,” he said. […]

Education Services sector in Myanmar now open to foreign investment

In the list of Promoted Sector that Myanmar’s Department of Investment and Company Administration (DICA) announced on 1st April 2017 under MIC Notification No 13/2017 there is a category for Education Services, which list the following business activities: Private schools Schools which apply international curriculum Technology and vocational institutes Higher education services Sport education services […]

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 […]

Regions Can Approve up to US$5m Investments

​​ The maximum amount of investments which can be approved by regional and state governments has been set to US$5 million (K6 billion). Region and state investment commissions will now be able to approve proposals without having to seek permission from Myanmar Investment Commission (MIC), according to an announcement from MIC chair U Kyaw Win […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

FDI Brings About Property Market Boom

​​ The local property market, especially in industrial zones, is expected to boom as the country sees a massive influx of foreign investments, according to House.com.mm. Nitesh Khirwal, Co-founder and Managing Director of House.com.mm said: “The Myanmar Investment Commission’s recent reforms and the new Myanmar Investment Law may have a huge impact on local property […]

New Investment Law Rules to be Announced in March

​​ RANGOON — Burma’s Directorate of Investment and Company Administration (DICA) will announce new regulations for the national investment law in early March, in time for the start of the 2016-2017 fiscal year, according do a senior DICA official. The current Foreign Investment Law and Citizen Investment Law—known together as the Myanmar Investment Law—were enacted […]

Myanmar woos investments in infrastructure, transport and energy

With the recent enactment of the investment law and lifting of sanctions, Myanmar has become friendlier to foreign investment, particularly in infrastructure, transport and energy, according to its state investment agency. The Myanmar Investment Law was passed on Oct. 18 by combining the country’s foreign investment law and citizen investment law, providing income tax exemptions […]