New Chair of Kyaukphyu SEZ Wary of Chinese Loans

YANGON — Myanmar will endeavor to take on no loans from China to complete the Kyaukphyu Special Economic Zone (SEZ) but would offer the developer no sovereign guarantees to mitigate risk if it does, said the project’s new chairman, seeking to allay fears of a debt trap. Sean Turnell, an economic adviser to State Counselor […]

MIC to remove “unnecessary” procedures

Myanmar Investment Commission (MIC) will remove unnecessary steps that may hinder smooth operations of businesses in the future, said Aung Naing Oo, secretary of Myanmar Investment Commission at a press conference at the Directorate of Investment and Companies Administration’s (DICA) office in Yangon on June 25. “The MIC will relax restrictions and make procedures clearer […]