Tag: DICA

Foreign investors may soon apply online

Foreigners seeking to invest in Myanmar will soon be able to apply online, according to the Directorate of Investment and Company Administration (DICA). The planned digital portal aims to help investors stuck outside the country due to pandemic lockd

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DICA deletes 800 companies

DICA has proven it is ready to enforce the government’s corporate reform initiative by deleting around 800 companies from its registry this year, according to data collected by the Myanmar Times. The companies have been slashed after they faile

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Myanmar attracts over USD 2 billion foreign investment in first half of fiscal year

Investment capital of over USD 2.73 billion from permitted foreign enterprises have entered Myanmar in first half of fiscal year 2019-2020 which started in October, according to figures issued by the Directorate of Investment and Company Administrati

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FDI inflows for current fiscal year top USD 2 billion, Hong Kong firms take top spot

According to DICA (Directorate of Investment and Company Administration), the total FDI inflows for current fiscal year topped USD 2 billion at USD 2.089 billion exactly. The energy sector accounted for nearly half of the total while Hong-Kong based

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Hong Kong firm to invest USD 500 million in power generation and supply

Hong Kong-listed CNTIC Vpower Company will invest over USD 500 million in 2 different electricity generation, supply and sale projects in both Yangon Region and Rakhine State. U Thant Sin Lwin, Director-General of the Directorate of Investment and Co

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Real estate sector tops October FDI

As reported by the Global New Light of Myanmar, the real estate sector is still bullish about its growth perspectives – despite a falling rental price per square foot in the economic capital (see last week’s highlights). According to DICA

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