MIC nods 35 foreign projects worth $1.2 bln in 5 months

THE Myanmar Investment Commission gave green light to 35 foreign projects from six countries in the past five months (April-August) of the current financial year 2022- 2023. The country attracted the capital of US$1.23 billion, including expansion of capital by existing enterprises, according to the Directorate of Investment and Company Administration (DICA). Those enterprises are […]

10 Singapore-listed enterprises put FDI of over $1 bln in Myanmar as of 31 Aug

TEN Singapore-headquartered enterprises pumped foreign direct investments of US$1.089 billion into Myanmar in the past five months (April-August) 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. Also, Qatari telecommunication company Ooredoo has signed an […]

MIC green-lights 19 projects including five solar power plants

THE Myanmar Investment Commission-MIC held its meeting (3/2022) at No 18 Union Government Office yesterday morning in Nay Pyi Taw. Lt-Gen Moe Myint Tun, a member of the State Administration Council and Chairman of the Myanmar Investment Commission and the MIC members attended the meeting. During the meeting, MIC allowed the expansion of initial outlay […]

Myanmar manufacturing sector attracts $11 million from China in Q1 (April-June)

SEVEN Chinese enterprises brought in US$11.112 million into Myanmar’s manufacturing sector in Q1 (April-June) of the current financial year 2022-2023, as per the statistics released by the Directorate of Investment and Company Administration (DICA). Myanmar drew foreign direct investments of $21.99 million in the first quarter. All the investments pumped into the manufacturing sector only. […]

Tanintharyi govt proposes economic zone for fisheries

The Tanintharyi Region Government has submitted a proposal to the Myanmar Investment Commission (MIC) for the construction of an economic zone focusing on the fisheries industry including a fish wholesale market, cold-storage facilities, and jetties for trade at the Myanmar and Thai border, according to U Khin Maung Lwin, assistant secretary at the Ministry of […]

MIC permits 5 investment proposals including two 30 MW solar projects

The Myanmar Investment Commission (MIC), gave the green light to five new investment proposals including two 30 MW solar projects and approved the four existing projects for capital expansion, according to a video conference held on 30 December 2020. The permitted investments covered the energy, fishery, hotel and services sectors, with an estimated capital of […]

Myanmar citizens raise investments in the country despite pandemic

Despite COVID-19, Myanmar citizens’ investments across the regions and states for fiscal 2019-20 amounted to over K1.88 trillion, which is around K200 million higher than in the previous fiscal year, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company and Administration (DICA). Approval was given to over 130 Myanmar businesses […]

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 […]

MIC approves multi-million dollar industrial park in Hlegu

The Myanmar Investment Commission (MIC) on July 31 approved the US$230.6 million Hlegu Industrial Park, which will be developed by Singapore’s Sembcorp Industries. The project, set to cover some 436 hectares in Hlegu township, Yangon, was signed between Sembcorp CSSD Myanmar Co and local partners Phatama Group Co Ltd and Myanmar Agribusiness Public Corp (MAPCO) […]

MIC to accelerate approvals for labour-intensive, healthcare investments

The Myanmar Investment Commission (MIC) will accelerate approvals for investments in labour-intensive and infrastructure projects, MIC secretary U Thant Sin Lwin said last week. This is to ensure as many workers find jobs as possible to offset the impact of lay-offs in other sectors such as manufacturing and tourism. The MIC will also accelerate approvals […]