MIC approves five new businesses

Myanmar Investment Commission (MIC) has recently given the green light for five business ventures, including 2 foreign investment projects.

The authorities gave the green light at a scheduled meeting in Nay Pyi Taw on April 26.

Two foreign companies_ a clothing firm from Hong Kong and a Korean garment factory_ were allowed to start their respective operations in Mingaladon and South Dagon townships, Yangon.

Three local firms would also commence work on a road toll collection and two hotel projects.

Myat Noe Thu Construction was authorised to collect toll on Nyaung Oo-Pakkoku-Myaing-Linkakaw-Monywa road. And Myat Min would carry out the hotel projects in Nyaung Shwe Township, Shan State.

source: Eleven Myanmar

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