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
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
