Myanmar approves new foreign investments in power and garment sectors

Myanmar Investment Commission (MIC) gave approval to some new foreign businesses to carry out hundred-percent foreign investments in power production and garment manufacturing. Singapore-based power companies, UPP Holdings Ltd and UPP Greentech Pte Ltd, were given approval for producing and selling electricity as wholly-owned businesses at Ywama power station in Yangon Region. Two garment factories, […]