The laws will be changed to allow the Myanmar Investment Commission to delegate power to regional authorities, said Daw Le Le Thein, deputy minister for National Planning and Economic Development who put forward the bills. “The intention is to share the mandate with regional governments,” she said, adding that if foreign investments can be approved […]
Yangon’s urban-development plans are self-defeating, critics say
September 23, 2014 by
Residents of Yangon are generally unexcited by the government’s plans to build more low-cost projects, citing the high prices and negative consequences of the projects to land prices and rents in the commercial city. Asked about this, Zaw Zaw, a resident of a northern section of Dagon Myothit Township, simply said “We can’t afford them.” […]
Surging land prices, opaque tender process ‘deterring foreign investment’
September 19, 2014 by
Foreign investors are disappointed that only domestic construction firms are being granted contracts to build government housing projects as surging land prices continue to make them wary of investing in housing, panellists said at the second day of the Myanmar Global Investment Forum. Cyrus Pun, executive director of Yoma Strategic Holdings, said surging land prices […]
Investment proposals of 45 companies in Thilawa SEZ
May 26, 2014 by
A total of 45 companies from 11 countries have outlined their investment proposals for Thilawa Special Economic Zone, a major industrial complex located on the outskirts of Yangon. “These companies already sent us letters of confirmation to invest in Thilawa SEZ. They are from various countries. One is a US company. Others are from Thailand, […]
Companies Act update coming in May, say experts
January 13, 2014 by
A Draft of the new Myanmar Companies Act, which would ease old bureaucratic processes currently slowing business, is on track to be submitted to parliament in May, experts said. After MPs and members of the international community suggested last May that it was time to revise or replace the now-100-year-old former Burma Companies Act 1914, […]
Investment Commission Could Have Wings Clipped
October 24, 2013 by
The Myanmar Investment Commission (MIC), the body that vets would-be foreign investors into Burma, could have its discretionary powers curbed as part of a review of investment policy being undertaken by the Burma government and the Organization for Economic Co-operation and Development (OECD). Dr Khin San Yee, Burma’s Deputy Minister of National Planning and Economic […]
