Myanmar: Beneficial-Owner Database Lauded Despite Some Weaknesses

Feb 6, 2020 | Thompson Chau, Myanmar Times
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Owners of major businesses or their close relatives who hold prominent public positions have so far not declared themselves as such, according to a Myanmar Times review of a new government database on beneficial ownership. The Directorate of Investment and Company Administration (DICA) recently published on its website the beneficial-ownership database for the Extractive Industries Transparency Initiative (EITI),  an international effort to fight corruption in managing revenues from oil, gas and mineral extraction. The database covers the five state firms and 158 companies in the extractives sectors.