The Myanmar Investment Commission (MIC) recently gave the green light to one project for the development, operation and maintenance of the Ahlon International Port Terminal and container yard on a build, operate and transfer basis, with an estimated initial capital investment of US$ 290.124 million, according to the MIC. The project is a wholly foreign […]
Yangon Stock Exchange looks for Belt and Road boost
The Yangon Stock Exchange, launched in December 2015, expects to enjoy indirect benefits from China’s Belt and Road Initiative as more Sino-Myanmar joint ventures are set up and demand for capital increases. “China is a major economic and trade partner with Myanmar. Myanmar’s enterprises need to grow together with their Chinese counterparts,” said Thet Htun […]
Permitted investments, local and foreign, on the increase
They were commenting on the announcement by the Directorate of Investment and Companies Administration (DICA) that Myanmar Investment Commission (MIC) had permitted 204 local and overseas investments in the first six months of the current financial year. MIC handed out 27 permits in September alone. The 204 permits granted so far this year represent a […]