Companies Administration

Hotel and Tourism Sector Attracts 115 Local Investments: DICA

December 23, 2017 by thiha

A total of 115 local investments worth over US$686 million (934 billion kyat) were made in the hotel and tourism sector as of the end of November this year, according to the Directorate of Investment and Companies Administration (DICA). Local investors have made 774 investments worth nearly $2.5 billion in the production sector, 46 investments […]

Filed Under: Latest News Tagged With: Companies Administration, DICA, Directorate of Investment, Investment Law, MIC, Myanmar investment commission, National Development, Real Estate Development Sector

France’s TOTAL Company Suggests Local Fuel Dealing to MIC

July 28, 2017 by thiha

DENKO fuel station being opened in Mawlamyaing Township, Mon State (Photo-DENKO Facebook) France-based Total Company has proposed a local fuel deal in cooperation with the Denko Trading Co. Ltd., to Myanmar Investment Committee (MIC). They have requested approval from the Ministry of Electricity and Energy, according to Directorate of Investment and Companies Administration (DICA). “Currently, […]

Filed Under: Latest News Tagged With: Asia Sun, Companies Administration, Denko Trading Co Ltd, DICA, DICA Deputy Director General, Directorate of Investment, Energy, France Based Total Company, Hsan Myint, Mawlamyaing Township, MIC, Ministry of Electricity, Mon State, Myanmar Investment Committee, Puma Energy, thilawa

Foreign Investors Eye Electricity Sector

July 6, 2017 by thiha

Foreign companies are in discussion with the Myanmar Investment Commission (MIC) over possible investment in huge electricity projects, according to the Directorate of Investment and Companies Administration (DICA). “We are in discussion but the details have not been announced yet. The electricity projects are at least US$300 million investments and some are up to US$500 million. They came to the […]

Filed Under: Latest News Tagged With: Companies Administration, Deputy Director General of the DICA, DICA, Directorate of Investment, Foreign Companies, MIC, Myanmar investment commission, San Myint, Thilawa Special Economic Zone

Foreign Firms Allowed Trade Agricultural Products, Constructional Materials

June 27, 2017 by thiha

Myanmar has allowed foreign companies to engage in both wholesale and retail trading of fertilizer, pesticide, seeds, hospital equipment and construction materials, according to Notification 36/2017, issued by the Ministry of Commerce. Foreign firms are allowed to do so in line with prescribed health and safety codes and international trade procedures so that the country […]

Filed Under: Latest News Tagged With: Companies Administration, Ddepartmental Instructions, Directorate of Investment, Foreign Companies, Ministry of Commerce, Procedures

Investment Law Rules and Regulations Released by March

October 26, 2016 by thiha

NAYPYIDAW — Rules and regulations for the newly enacted Myanmar Investment Law will be released in three months at the earliest and by the end of March next year at the latest, according to U Maung Maung Win, deputy minister of national planning and finance. The law, enacted by President U Htin Kyaw last week, […]

Filed Under: Latest News Tagged With: Burma, Companies Administration, DICA, Directorate of Investment, Financ, finance, Foreign Investment Law, KBZ Group, MIC, Minister of National Planning, Ministry of National Planning, Myanmar Citizens Investment Law, Myanmar investment commission, Myanmar Investment Law, Naypyidaw, President U Htin Kyaw, State Counselor Daw Aung San Suu Kyi, U Aung Naing Oo, U Kyaw Win, U Maung Maung Win, U Nyo Myint

New Companies Act to relieve some burdens on SMEs

July 13, 2016 by thiha

The upgraded Myanmar companies act will remove some burdens on small and medium enterprises, according to the Directorate of Investment and Companies Administration (DICA). “We have upgraded some of the provisions (of the existing Myanmar companies act) to be in line with the current situations and to help promote the SMEs and small companies in […]

Filed Under: Latest News Tagged With: CB, Companies Administration, cooperative bank, Credit Guarantee Insurance, DICA, Director General of the Directorate, Directorate of Investment, Mandalay Region, Medium Industrial Development Bank, Myanmar Companies Act, SMIDB, The Small, U Aung Naing Oo

US Investment in Burma Forecasted to Increase

June 10, 2016 by thiha

RANGOON — US investment in Burma has strong potential to increase this year, experts said at a US-Burma Economic Relations seminar in Rangoon on Monday. Entitled “US-Burma Economic Relations: The Next Phase,” the seminar was jointly organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and the United States Chamber […]

Filed Under: Latest News Tagged With: Ambassador to Burma Scot Marciel, American, Aung Naing Oo, Burma, Companies Administration, Directorate of Investment, Dr Aung Tun Thet, Dr. Maung Mg Lay, Economic Relations, Generalized System of Preferences, GSP, industry, IT, John Goyer, MIC, Myanmar investment commission, Rangoon, SDN, South East Asia, specially designated nationals, The Next Phase, UMFCCI, Union of Myanmar Federation of Chambers of Commerce, United States Chamber of Commerce, us, US Ambassador to Burma Scot Marciel, US Chamber of Commerce

Korean Investment in Burma Likely to Increase

March 10, 2016 by thiha

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

Filed Under: Latest News Tagged With: Australia, Automobile Dealers Association, Burma, China, Chinese, Companies Administration, Daewoo CEO Young Sang Kim, Directorate of Investment, Dr Soe Tun, Dr. Maung Maung Lay, Foreign Direct Investment, Hong Kong and the UK, India, industry, Japan, japanese, korea, Korean, Malaysia, Maung Myint, Ministers Wunna Maung Lwin, Myanmar news agency, Rangoon, Shinhan Bank, Since Thein Sein, singapore, Soe Thane, South Korean Daewoo Group of Companies, Thailand, The Central Bank of Myanmar, The Irrawaddy, Thein Sein, Union of Myanmar Federation of Chambers of Commerce, Zeyar Aung

Singapore tops FDI list

July 9, 2014 by thiha

Foreign investment exceeded US$2 billion in the first five months of the year, with funds from Singapore accounting for $1.9 billion of the total, the Directorate of Investment and Companies Administration said. Investment from Thailand ranked second, at $114 million. Investment from mainland China was $51 million, while Hong Kong investment totaled $42 million. Japan, […]

Filed Under: Latest News Tagged With: commodity-production, Companies Administration, Directorate of Investment, FDI, foreign investment, Laws, singapore, tax holidays

Britain 4th place in foreign investment standing in Myanmar

December 2, 2013 by thiha

Britain is listed fourth in foreign investment to Myanmar after investing more than US$ 256 million between January and September, according to Directorate of Investment and Companies Administration (DICA). Britain has invested more than US$ 3 billion in 62 businesses and currently stands behind China, Thailand and Hong Kong. Total foreign investment to Myanmar is […]

Filed Under: Latest News Tagged With: Allowed, British Companies, China, Companies Administration, foreign investment, Hong Kong, Invested, MIC, Myanmar investment commission, natural gas, Right, Transport Sectors