MIC: No plan to reduce initial lease premium for Dagon City project

Ministries are still holding discussions on where to relocate the terminated Dagon City project, but there is no plan to reduce the initial lease premium for the land, said Aung Naing Oo, the secretary of the Myanmar Investment Commission and director-general of the Directorate of Investments and Company Administration, yesterday. Shwe Taung Development Co Ltd, […]

Commercial buildings to be constructed on military-owned land

Myanmar and Singapore companies are planning to construct commercial buildings on land owned by the Ministry of Defence in Yangon Region. Myanmar Investment Commission (MIC) granted permission on October 2 for Nature Link from Myanmar and Singapore-based Uni Global Power Pte. Ltd. to build under a Build, Operate, and Transfer (BOT) agreement in accord with […]