Myanmar Investment Commission
| မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင် | |
| Agency overview | |
|---|---|
| Formed | April 1994 |
| Jurisdiction | Myanmar (Burma) |
| Headquarters | Naypyidaw |
| Agency executives |
|
| Parent Agency | Ministry of National Planning and Economic Development |
The Myanmar Investment Commission (Burmese: မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်, abbreviated MIC) is a government-appointed body under the Ministry of National Planning and Economic Development 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 2011 as a 16-member committee to scrutinise economic proposals.[3]
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. It was chaired by Presidential Office Minister Soe Thein.[4] He was replaced with the Union Minister for Finance and Revenue, Win Shein on 3 May 2013.
Organisation
As of 28 May, 2014, MIC's members are:[5]
- Zayar Aung (Chairman) - Union Minister, Ministry of Energy
- Htay Aung (Vice-Chairman) - Union Minister, Ministry of Hotels and Tourism
- Aung Naing Oo (Secretary) - Director General, Directorate of Investment & Company Administration (DICA)
- Myat Thuzar (Joint-Secretary) - Deputy Director General of DICA (Retired)
- Win Tun (Member) - Union Minister, Ministry of Environmental Conservation and Forestry
- Tun Shin (Member) - Union Attorney General
- Maung Maung Thein (Member) - Union Deputy Minister, Ministry of Finance
- Le Le Thein (Member) - Union Deputy Minister, Ministry of National Planning & Economic Development
- Thura U Thaung Lwin (Member) - Deputy Minister (Retired)
- Aung Tun Thet (Member) - Economist
- Nyunt Tin (Member) - Ambassador (Retired)
- Win Khaing (Member) - Chairman, Myanmar Engineering Society
- Khaing Khaing Nwe (Member) - Entrepreneur
References
- 1 2 Kudo, Toshihiro; Mieno Fumiharu (August 2007). "Toshihiro" (PDF). Institute of Developing Economies: 15.
- ↑ Mya Than; Carolyn Gates (2001). ASEAN enlargement: impacts and implications. Institute of Southeast Asian Studies. p. 265. ISBN 9789812300812.
- ↑ "Myanmar reforms investment commission to boost foreign investment". Xinhua. 8 June 2011. Retrieved 10 March 2012.
- ↑ "Myanmar to reform investment body". Investvine.com. 5 February 2013. Retrieved 11 February 2013.
- ↑ "Presidential office reforms new investment commission". Eleven. 8 May 2013. Retrieved 8 May 2013.
4.Taipei American Chamber of Commerce; Topics Magazine, Analysis, November 2012. "Myanmar: Southeast Asia's Last Frontier for Investment:
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