DICA

Directorate of Investment and Company Administration

Singapore top FDI source for the last 4 months

EIGHT Singapore-listed enterprises brought in large investments of US$1.086 billion into Myanmar in the past four months (April-July) of the current financial year 2022-2023, the Directorate of Investment and Company Administration’s statistics showed. Singapore companies mainly put investments into urban development, real estate, power and manufacturing sectors. Hong Kong SAR stood as the second-largest investor […]

Companies registered on MyCO exceed 5,300 in past five months according to DICA

The number of companies registered on the online registry system, MyCO, totalled 5,323 in the past five months (January-May) this year, the statistics released by the Directorate of Investment and Company Administration (DICA) indicated. The registration and re-registration of companies on the MyCO website commenced on 1 August 2018 keeping in line with the Myanmar […]

Inviting Investment for Edible Oil Crops

To fulfill the needs of national development, the Myanmar Investment Commission will prioritize the investment activities related with production of edible oilseeds, contract farming for edible oil crops, production of various types of edible oil. Both foreign and Myanmar citizen investors are welcomed to invest in said investment sector and the Myanmar Investment Commission, the […]

Chinese Group Proposes Major Garment Manufacturing Hub in Northern Myanmar

YANGON—A Chinese textile group has submitted a proposal to implement an international textile manufacturing cluster project in a major town in Sagaing Region, an economic hub for Upper Myanmar, at an expected cost of more than US$370 million (493.49 billion kyats). The Ministry of Planning, Finance, and Industry (MOPFI) said China’s Jiangsu province-based Eastern Development […]

Businesses positive of reform, policy change in post-election Myanmar

Myanmar’s incoming government was urged to consult and work more closely with the private sector and scale up COVID-19 support for small businesses, corporate figures said at a forum on January 12. Speakers at the virtual panel discussion “Myanmar in 2021: Navigating Reform, Recovery and RCEP” organised by the Myanmar-Hong Kong Chamber of Commerce and […]

Singapore tops FDI list in Myanmar in Q1

Singapore is the top source of foreign direct investments into Myanmar in the first quarter of the current financial year 2020-2021, according to the data released by the Directorate of Investment and Company Administration (DICA). The six Singapore-listed enterprises brought in US$161 million into Myanmar between October and December 2020. Singapore companies mainly put investments […]

Investment applications to go online in Myanmar

The Directorate of Investment and Company Administration (DICA) will launch an Online Investment Application function to facilitate the investment process with the aim of attracting responsible investors, said U Thant Sin Lwin, Director General of DICA. The new function permits companies to carry out the process for proposed investments online without having to physically go […]

Myanmar Signs up with EU’s EuroCham for More Investment

YANGON — Myanmar’s investment agency has signed a memorandum of understanding (MoU) with the European Chamber of Commerce (EuroCham) to attract more investment from the European Union as Myanmar drafts an economic reform and recovery plan to address the impact of COVID-19. On Wednesday, the Directorate of Investment and Company Administration (DICA) and EuroCham in […]

DICA, MIC issue guidelines for returning foreign executives

The Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission (MIC) has issued guidelines on international visitors who want to return to Myanmar to conduct urgent business during the pandemic. The two organisations have requested the government to allow foreign employees who are working in companies registered with the MIC and Myanmar […]

Myanmar Sets Out Re-entry Rules for Foreign Staff

YANGON—As Myanmar recorded its largest-ever daily spike in COVID-19 cases, the government’s investment agencies announced the criteria for foreign staff seeking to re-enter the country. Companies have recently submitted several applications to the Myanmar Investment Commission (MIC) and Directorate of Investment and Company Administration (DICA) to allow the re-entry of their foreign experts via relief […]