The Myanmar Investment Commissiom (MIC) approves 48 new investments at its final meeting
The Myanmar Investment Commission (MIC) approved 48 new investments at its final meeting on 25 March 2016 before the new government takes office. Included among the approved projects are those of some companies which are the members of the Myanmar Investors Development Association (MIDA). They are the Kaung Myanmar Aung Shipping Company , which received permission to build a wharf and supporting facilities in Seikkan township of Yangon, the New City Development Public Co., Ltd., which had approval to build a light industrial Park in Yangon Reigion's East Dagon township,the Kaytumadi Development Public Co.,Ltd., which had approval to build two further industrial parks on 1311 acres and 235.54 acres respectively in Bago Region's Taungoo, and the Hantharwady Development Public Co., Ltd., which had approval to build a large eco-resort and high-end housing project on 2455.77 acres in Bago Region.
30 March 2016