Myanmar Investment Commission
From Wikipedia, the free encyclopedia
- Moe Myint Tun, Chairman
- Aung Naing Oo, Vice chairman
| မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင် | |
| Agency overview | |
|---|---|
| Formed | April 1994 |
| Jurisdiction | Myanmar (Burma) |
| Headquarters | No.1, Thitsar Road, Yankin Township, Yangon[1] |
| Agency executives |
|
| Parent Agency | Ministry of Investment and Foreign Economic Relations |
| Website | www.dica.gov.mm |
The Myanmar Investment Commission (Burmese: မြန်မာနိုင်ငံ ရင်းနှီးမြှုပ်နှံမှု ကော်မရှင်, abbreviated MIC) is a government-appointed body under the Ministry of Investment and Foreign Economic Relations 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.[2] In 2000, MIC underwent organisational changes to reduce the number of committee members to four.[2] MIC also manages the 1988 Foreign Investment Law.[3] The body was re-established in 2016 as an 11-member committee to scrutinise economic proposals.
A new set of reforms (2012) drafted for the Myanmar investment law included 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.[citation needed]
In March 2020, Distributed Denial of Secrets published 156 gigabytes of data hacked from the Myanmar Investment Commission.[4] The leak revealed how millions of dollars allegedly flowed from Mytel subscribers to Myanmar military generals,[5] and exposed business dealings of family members of prominent military leaders.[6]
Chairman (2011 - Current)
| No | Name | Position | Ministry | term start | term end |
| 1 | Soe Thein | Union minister | Office of the President | ||
| 2 | Win Shein | Union minister | Ministry of Finance and Revenue | 7 September 2012 | 30 March 2016 |
| 3 | Kyaw Win[7] | Union minister | Ministry of Planning and Finance | 30 March 2016 | 16 June 2018 |
| 4 | Thaung Tun | Union minister | 16 June 2018 | 1 February 2021 | |
| 5 | Lieutenant General Moe Myint Tun | Council member | State Administration Council | 4 March 2021 | 19 September 2023 |
| 6 | General Mya Tun Oo | Council Member and Deputy Prime Minister | State Administration Council | 19 September 2023 | Incumbent |
