The new Investment Law was implemented last year and regional investment commissions were set up.  Under the new legislation, trhe regional commissions can approve investments of up to US$5 million or K6 billion.

Mandalay Investment Commission has approved five domestic investments and five foreign investments, totalling 10 investments within nine months since it was established, according to the regional Directorate of Investment and Company Administration.

In Mandalay Region, the current investment volume is US$3244.995 million based on 60 permits and K4,900 billion from 148 permits under the Myanmar Investment Commission, Daw Nwe Ni Oo from the regional DICA said.

Source: Myanmar Times