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Government announces new MIC appointments, U Thaung Tun as new chair

The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]

Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

Permission Needed for Foreign Investment in Mining Sector

The government has made no obstacle for foreign investments in the mining sector in Myanmar, but permission is needed from the Ministry of Mining if one desires to do business in that sector according to Myanmar Investment Commission (MIC). “We allow foreign investments in the mining sector, but we don’t give any subsidies in that […]

Myanmar confident in hitting USD 6 billion in FDI for FY2016-2017

​​ Government financial chiefs, including the director general of the Myanmar Investment Commission (MIC) and secretary of the Directorate of Investment and Company Administration (DICA) Aung Naing Oo, have told foreign businesses that now is the time to invest in the country. At an event at the Novotel Yangon on March 18, Finance and Planning […]