The Myanmar Investment Commission (MIC) will be reformed this month in line with the Myanmar Investment Law, said Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA).
“Each MIC term is only three years, so it’s time for new members to be appointed,” he said.
The commission, which is responsible for assessing and approving large-scale investments and is headed by Union-level government officials, initially consisted of at least nine members who dealt largely with processing foreign investment. (Courtesy of irrawaddy.com)
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