Quarterly Business Magazine

Myanmar Investment Commission Authorized 13 Investments in October

Posted :
Friday, October 17, 2014

Yangon – Myanmar Investment Commission (MIC) has authorized 13 local and foreign investments in October.

Among the permitted businesses are a resort on B.O.T system; a road pebble business; an international standard hotel; a 50-bedded private hospital; cinema; a logistics services business; and a packaging material and furniture factory.

Also permitted are a shoe factory on CMP system, a paint factory, a crop processing and packaging plant, and a sugar plant.

MIC gave permission to the above investment based on the remarks, feedbacks, and examinations by respective regional governments and related union-level ministries and government offices.

As of now, MIC has given permits to over 100 foreign investments and almost 50 citizen investments.

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