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ARTICLE · 01 JULY 2016

New Myanmar Investment Commission Announced

Mayer Brown
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On 9 June 2016, the President's Office announced the new members of the re-constituted Myanmar Investment Commission.

MyanmarGovernment, Public Sector
Ben Thompson
Ben Thompson
Norah Mugambi
Norah Mugambi
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On 9 June 2016, the President's Office announced the new members of the re-constituted Myanmar Investment Commission (the "MIC"). The three year appointment term of the former members of the MIC, which is responsible for approving both local and foreign investments in Myanmar, had ended in March 2016, leading to a break in the approval process for investments.

The appointees to the newly re-constituted MIC, which now has 11 members (previously 13), include the Planning and Finance Minister, who will serve as chairman, and the Commerce Minister as vice chairman. The other appointees are an ex-official from the Directorate of Investment and Company Administration, an appointee from the Securities and Exchange Commission, the joint secretary general of the Union of Myanmar Federation of Chambers of Commerce and Industry, and the permanent secretaries from the Ministry of Planning and Finance, the Ministry of Natural Resources and Environment Conservation, and the

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