Myanmar Investment Commission

Myanmar Investment Commission (MIC)
မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်
Agency overview
Formed April 1994 (1994-04)
Jurisdiction Myanmar (Burma)
Headquarters Naypyidaw
Agency executives
  • Thaung Tun, Chairman
  • Aung Naing Oo, Secretary
Parent Agency Ministry of Planning and Finance
Website www.dica.gov.mm

The Myanmar Investment Commission (Burmese: မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်, abbreviated MIC) is a government-appointed body under the Ministry of Planning and Finance that appraises domestic investment proposals in Myanmar (Burma). MIC was formed in April 1994, after the State Law and Order Restoration Council issued the Myanmar Citizens Investment Law.[1] In 2000, MIC underwent organisational changes to reduce the number of committee members to four and also .[1] MIC also manages the 1988 Foreign Investment Law.[2] The body was re-established in 2016 as an 11-member committee to scrutinise economic proposals.

A new set of reforms (2012) drafted for the Myanmar investment law includes a proposal to transform the Myanmar Investment Commission from a government-appointed body into an independent board. This could bring greater transparency to the process of issuing investment licenses, according to the proposed reforms drafted by experts and senior officials. The current key positions, however, are still held by senior government officials, including ministers and their deputies.

Organisation

As of 29 January 2018, MIC's members are:

  1. Thaung Tun (Chairman) - Union Minister, Ministry of Office of the Union Government
  2. Than Myint (Vice-Chairman) - Union Minister, Ministry of Commerce
  3. Aung Naing Oo (Secretary) - Director General, Directorate of Investment & Company Administration (DICA)
  4. Mya Thuzar (Joint-Secretary) - Deputy Director General of DICA (Retired)
  5. Tun Tun Oo (Member) - Union Attorney General
  6. Khin Maung Yee (Member) - Permanent Secretary, Ministry of Natural Resources and Environmental Conservation
  7. Toe Aung Myint (Member) - Permanent Secretary, Ministry of Commerce
  8. Htein Lwin (Member) - Permanent Secretary (Retired), Ministry of Energy and Electricity
  9. Htay Chun (Member) - Deputy Director General of DICA (Retired)
  10. Nilar Kyaw (Member) - Minister, Yangon Region Government
  11. Aung Tun Thet (Member) - Economist
  12. Aye Lwin (Member) - Joint-Secretary, Union of Myanmar Federation of Chamber of Commerce and Industry

References

  1. 1 2 Kudo, Toshihiro; Mieno Fumiharu (August 2007). "Toshihiro" (PDF). Institute of Developing Economies: 15.
  2. ↑ Mya Than; Carolyn Gates (2001). ASEAN enlargement: impacts and implications. Institute of Southeast Asian Studies. p. 265. ISBN 9789812300812.

4.Taipei American Chamber of Commerce; Topics Magazine, Analysis, November 2012. "Myanmar: Southeast Asia's Last Frontier for Investment:

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