The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]
Delayed Permitted Businesses to Receive Govt Assistance
January 13, 2018 by
Almost 600 firms have experienced delays getting their businesses off the ground since 1988 despite having received permits from the Myanmar Investment Commission (MIC). Of the 2,723 local and foreign businesses permitted to operate in Myanmar between 1988 and 2017, a total of 581 have yet to start. As such, inspections will be conducted and […]
China stands as largest investor in Myanmar’s power sector
September 20, 2016 by
China has topped the foreign investors line-up of power sector of Myanmar for four months of this fiscal year 2016-2017, official media reported Thursday. China invested in five projects in electric sector worth with 1.3 billion US dollars, followed by Singapore with 570 million US dollars in four projects, according to an official of the […]
Foreign investment in Myanmar’s power sector reaches 19.6 bln USD as of April
May 16, 2016 by
YANGON, May 13 (Xinhua) — Foreign direct investment in Myanmar’s power sector reached 19.6 billion U.S. dollars as of April, accounting for 30.89 percent of the total, according to Myanmar Investment Commission Friday. The power sector stands the second in the country’s foreign investment line-up after oil and gas. U Htein Lwin, permanent secretary of […]
China-Myanmar JV starts building power plant in Myanmar’s Yangon
May 13, 2016 by
Union Resources and Engineering Company limited (UREC) laid a cornerstone to start building a 106 megawatt (MW) Thakayta gas-fired combined cycle power plant in Yangon on Thursday. The plant, about 10 kilometer from Yangon and 16 kilometer from Thilawa Special Economic Zone, is the largest power plant in Myanmar as well as the fifth private […]
