July 3, 2016

Govt takes control of investment body

The Myanmar Investment Commission is set to lose its independence and be moved under the control of the Ministry of Planning and Finance.

MIC secretary Aung Naing Oo said: “The MIC was a separate and independent entity but the Indonesia Investment Coordinating Board [BKPM] reports directly to the president. Board of Investment of Thailand is under the direct supervision of the prime minister, despite being formed by the ministry of industry. The new government wants to put it under the Ministry of Planning and Finance,” Aung Naing Oo added. (Courtesy of elevenmyanmar.com)

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