Sub-title:
Publication of a list of Illegal Investments and a Special Directive demanding their immediate and unconditional suspension
ဖော်ပြချက်/အကြောင်းအရာ:
"1. Under Announcement 1/2021 of the Ministry of Investment and Foreign Economic Relations of
the Cabinet of the Committee Representing the Pyidaungsu Hluttaw (CRPH), the acting Union Minister
declared that all investment permits and endorsements shall be suspended without exception from the
date of seizure of state institutions by the illegal military council on 1 February 2021.
2. Under Announcement 3/2021, dated 16 May 2021, the Ministry of Planning, Finance and
Investment ('the Ministry') of the National Unity Government reaffirmed the above instructions made
under Announcement 1/2021.
3. Under Announcement 6/2021, dated 21 July 2021, publishing the 'Three Pillar Framework
Guiding Responsible Investment and Continued Operations', the National Unity Government further
stated that new investment proposals, agreements, or approvals made by military controlled entities on
or after 1 February 2021 will neither be recognised or honoured.
4. All policies adopted and implemented by the National Unity Government must reflect the
principles of a federal democratic union. Crucially, a national investment policy is one such policy.
5. The indiscriminate issuance of investment permits and endorsements by the Myanmar
Investment Commission under the control of the illegal military council runs counter to the tenets of
federal democracy to which the people of Myanmar aspire. Such actions shall not be tolerated.
6. Accordingly, the Ministry hereby publishes a list of companies undertaking illegal investments
by seeking permits and endorsements from the Myanmar Investment Commission, subordinate to and
controlled by the illegal military council. By this special directive, the Ministry hereby cautions those
companies and instructs them to desist and suspend their illegal investment activities immediately and
unconditionally.
7. Any listed company that fails to comply with the instructions shall be liable to prosecution in
accordance with existing laws.
Tin Tun Naing...
Union Minister
Ministry of Planning, Finance and Investment..."
ရင်းမြစ်:
Ministry of Planning, Finance and Investment - NUG
Date of Publication:
2021-08-30
Date of entry:
2021-08-30
Grouping:
- Individual Documents
အကြောင်းအရာ/အမျိုးအစား:
Countries:
Myanmar
Language:
English
မှတ်တမ်း:
ပုံစံ:
pdf pdf
အရွယ်အစား:
153.73 KB 260.08 KB
Resource Type:
text
Text quality:
- Good
Remote URL:
fbml (English + Burmese versions)
