The Directorate of Investment and Company Administration has published a revised list of companies to be struck off its register, after receiving a number of complaints from businesses named on the list that are still operational.
In August, the regulator issued a request for confirmation from all companies still in business, as it seeks to clean up its database by removing out-of-date company names.
However, the list of 20,165 local and 2015 international “out of touch companies” published earlier this month contained a number of errors.
Some companies such as Myanmar Red Dot Network and Capital Diamond Star Group confirmed that their companies are currently active in Myanmar and that they have submitted documentation notifying DICA.
Others said that former incarnations of their business were named on the list, leading to confusion among clients. These included international companies such as Singapore-based Surbana International Consultants, who have since confirmed their operating subsidiary status in Myanmar with DICA. (Courtesy of MMTimes)
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