MIC pushes through dozens of investment approvals

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. […]

MIC pledges more ministry cooperation after projects stopped

The Myanmar Investment Commission will strengthen inter-department collaboration in an effort to avoid situations like that which led to the cancelled projects near Shwedagon Pagoda, according to the commission’s secretary U Aung Naing Oo. The government announced on July 7 that five projects near Shwedagon would be cancelled, following a months-long protest led partly by […]

Myanmar Investment Commission poised to become independent

The Myanmar Investment Commission will be transformed to function as an independent body after amalgamating the country’s two investment laws, the commission’s secretary U Aung Naing Oo told Mizzima on October 23. The Myanmar Investment Commission or MIC is a government-appointed body set up under the Ministry of National Planning and Economic Development in April […]