Myanmar to showcase investment projects, reforms in Hong Kong’s Belt and Road forum

The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of the Union Government, is going to lead a delegation to the third annual Belt and Road Summit in Hong Kong this week. Demonstrated by the major economic reforms we have implemented over the past year, […]

Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict

YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]

MIC has approved 21 foreign direct investment projects

The Myanmar investment Commission has approved 21 foreign direct investment projects worth US$ 217.644 million within two months, it has been learned. The investments will be made in 17 industrial sector projects, one transportation and communication sector project, one livestock and fisheries sector project, one service sector project and one energy sector project. These kinds […]

Tougher checks for Myanmar’s development projects

Myanmar has announced new requirements for assessing the environmental and social impacts of development projects, which have been worked up with assistance from the Asian Development Bank. The Environmental Impact Procedure specifies the type and scope of environmental assessments required for all investment projects that could cause environmental and social harm. Thet Thet Zin, deputy […]

SCG eyeing Myanmar building materials chain

Industrial conglomerate Siam Cement Group is planning a joint venture with Siam Global House Plc, a building materials and home improvement retailer, says an SCG source. The source said the move was aimed at opening the first chain of Thai construction materials stores in Myanmar and gaining from the growing construction industry in the region. […]