Foreign and Myanmar Citizens Investment Laws to Merge

In an effort to uphold the comprehensive investment agreement reached by ASEAN member states and support the goals of the ASEAN Economic Community (AEC), the Foreign Investment (FIL) and Myanmar Citizens Investment Laws (MCIL) are set to be merged into a single piece of legislation, a senior official said. Since November of 2012, the idea […]

Myanmar reforms investment commission to boost foreign investment

Myanmar has reformed its investment commission as part of its efforts to draw more foreign investment into the country, local media reported Thursday. A 13-member Myanmar Investment Commission (MIC) was re- established with Minister of Energy U Zayar Aung as chairman, replacing U Win Shein, minister of Finance, said the 7- Day Daily. Minister of […]