Aung Naing Oo, director-general of DICA, reveals
the next FDI developments in the frontier
Investors witnessed a number of firsts in Myanmar last year.
There was its first non-recourse financing, its first loan
secured by local assets, and the first inbound, bulge-bracket
private equity investment. But the country's legal framework
for foreign direct investment (FDI) remains nascent –
and in some cases, non-existent.
Regulators such as the Directorate of Investment and Company
Administration (DICA), which maintains the companies registry,
and the Myanmar Investment Commission (MIC), which approves
foreign investments, are crucial for companies investing in the
country. In many cases, they are some of the first stops for
those hoping to invest in the frontier jurisdiction.
Here, IFLR speaks with Aung Naing Oo, director-general of
DICA and secretary of MIC, about what to expect from both
organisations in 2015, as well as how investors should engage
with the regulator.