What’s on – Hong Kong Macau and Myanmar Chamber of Commerce & Industry

Regional Investment Commission Approves The First Kachin Project

The Kachin State Investment Commission has approved one investment involving K1,688 million since its office was opened last July. The commission is currently examining two investment applications, U Tun Kyaw Kyaw, deputy director from at the Directorate of Investment and Company Administration (DICA), explained. The approved investment is in the agriculture sector and relates to the production of rubber sheet by Hole in One Gems Company Ltd. The project is expected to generate 38 jobs. This is the first investment approved since the Myanmar Investment Commission (MIC) decentralised and established regional investment committees in accordance with the new Investment Law.…

Thilawa’s Daizen pioneers Myanmar’s logistics liberalisation

By opening up bonded warehousing to local and foreign businesses, Thilawa edges ahead as Myanmar’s logistics hub. THILAWA Special Economic Zone (SEZ) positions itself as the manufacturing and logistics hub, as an SEZ-based company starts providing bonded warehouse services to both domestic and international companies. Such logistics liberalisation will boost Thai-Myanmar cross-border trade and hence accelerate Myanmar's integration with the regional economy. Daizen Myanmar, a logistics company from Japan which joined Thilawa in 2015, recently launched the country's first ever bonded warehouse services to both local businesses and foreign suppliers. "By offering bonded warehousing to manufacturers, local businesses and foreign suppliers…

Gems and Precious Stones Now Subject to Export Licences

An export licence is now required for a list of 3,345 products before they could be exported from Myanmar. Gems and precious stones, along with animal products, forestry products, unprocessed mining goods, vehicles, heavy machinery, paddy, oil-producing plants, seeds, chemicals, fertilisers, explosives and antiques, are included in the list. For the full list (partly in Burmese) of the newly regulated products, see the official notification on the Ministry of Commerce’s website. A separate list detailing the goods that are exempt from an export licence is due to be issued in line with Myanmar’s WTO commitments, though a specific date for its release has not yet…