Myanmar Investment Commission (MIC) has recently permitted nine more investment enterprises from home and abroad, according to a release from the Directorate of Investment Company Administration (DICA). The permitted enterprises included foreign enterprises with 101.172 million U.S. dollars’ investment capital and local enterprises with a capital of 110.7 billion kyats (73.8 million U.S. dollars). The investments […]

Myanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on more […]