The Myanmar Investment Commission (MIC) approved 48 projects at its meeting on March 25. The MIC’s decisions have been criticised as some of the approved projects belong to companies related to two of former President Thein Sein’s economic advisors—Khin Maung Aye and Ko Ko Gyi. Furthermore, some companies had up to five projects approved that […]
MIC permits 48 projects in one sitting
April 1, 2016 by Thiha
Filed Under: Latest News Tagged With: ; June Cement Industry, 48 projects, cement manufacturing and distribution project, former President Thein Sein’s economic advisors, Hantharwady Development Public Company, K Future Company, Kaung Myanmar Aung Shipping Company, Kaytumadi Development Public Company, Khin Maung Aye, Ko Ko Gyi, KT Development, MIC permit., MIC permits, New City Development Public Company, New Downtown Company, New Strand Development Company, Shwe Taung Cement
MIC pushes through dozens of investment approvals
April 1, 2016 by thiha
The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]
Filed Under: Latest News Tagged With: Ahlone Township, Asian Blue Aviation, Ayeyarwady Region, commercial, H&Co Platinum Pathein Company, hotels, international air transport service, international wharf, Kaung Myanmar Aung Shipping Company, Khaing Oo Company, Malaysian firm OCK Yangon, Myanmar Edible Oil Industrial Public Company, Nanthida compound, National League for Democracy’s economic committee, New Strand Development Company, No.1 Ahlone International Port, Office, President's Office, Presidential spokesperson U Ye Htut, retail space, secretary U Aung Naing Oo, Seikkan Township, serviced apartments, shopping mall and villas, telecoms infrastructure, thilawa, tycoon U Khin Maung Aye, U Han Thar Myint, wharf and supporting facilities, Yangon and Tokyo, Yangon’s ports
