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

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
Real estate sector tops October FDI

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
76,000 companies officially registered according to DICA

76,000 companies officially registered according to DICA

The Directorate of Investment and Company Administration, DICA, has announced that it has recorded over 76,000 companies registrations on its MyCO platform since its launch last year. With the aim of making companies registration a fully online proce
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
Amendment of fees for company incorporation and annual return filing

Amendment of fees for company incorporation and annual return filing

On 20 September 2019, the Ministry of Investment and Foreign Economic Relations issued Notification No. 84/2019 (the “Notification”), in connection with the prescribed fee inter alia towards company registration, annual filing fee, etc, as detail
Impact of Rakhine crisis exceeded expectation

Govt underestimated economic impact of Rakhine crisis: Official

A Myanmar official has admitted that the government underestimated the impact the crisis in Rakhine State has had on the country’s economy. Speaking at an investor forum in Singapore, U Aung Naing Oo, director general of the Directorate of Investme