Myanmar auto industry revs up

Myanmar automotive factories are upping their output in response to higher demand, according to an industry analysis by the Myanmar Times. Production has increased from both Japanese and Chinese brands, taking advantage of growing local demand, im

Timeline shortened for Dawei SEZ

Officials from Thailand and Myanmar are speeding up development of the Dawei Special Economic Zone (SEZ). Officials from the two countries discussed the longstanding SEZ project at a Myanmar-Thailand Joint Coordinating Committee meeting in Nay Pyi Ta

World Bank report praises Myanmar progress

The World Bank’s Doing Business 2020 report ranked Myanmar among the top 20 most-improved business environments. The report evaluates countries based on how easy it is to do business in them. It looks at factors such as access to credit, taxation,

Low growth expected for foreign direct investment

Myanmar is unlikely to see a large increase in foreign investment this year, if any. The Myanmar Investment Commission (MIC) has predicted only USD 5.8 billion of foreign direct investment (FDI) for the 2019-2020 fiscal year, which began on October 1
DICA reduces registration fees for new companies

New companies registration fees reduced

New companies will now pay less to register in Myanmar. The Directorate of Investment and Company Administration (DICA) announced that registration fees will drop from MMK 250,000 to MMK 100,000 beginning October 1, which is the start of the 2019-202
Myanmar and Singapore sign treaty on promoting investments

Singapore-Myanmar investment promotion signed

Myanmar and Singapore signed an official agreement for the promotion and protection of investments between the two countries. U Thaung Tun, head of the Ministry of Investment and Foreign Economic Relations (MIFER) and Singapore’s Minister for Trade