Myanmar: MIC Suspends New Investments in Timber Businesses

Nov 23, 2017 | Htin Lynn Aung, Myanmar Times
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Permission for to start new timber-based businesses will be temporarily suspended in Myanmar, the Myanmar Investment Commission (MIC) said in a November 16 statement, which was made public by the Directorate of Investment and Companies Administration (DICA) this week. To preserve the country’s forests and limit illegal logging activities, the MIC will temporarily stop issuing permits for new investments involving timber extracted from Myanmar and used as raw materials in the course of business.