The Rakhine Investment Forum will be held from 21 to 23 February at the Ngapali Beach, state media reported quoting the Directorate of Investment and Company Administration (DICA).

DICA has been apprising local and international investors of the latest developments such as the recent enactment of the new Myanmar Investment Law and new opportunities for investments. Under the new Myanmar Investment Law, those investing in undeveloped regions will be given tax exemptions as an incentive.

The new law has also authorized Investment Committees of regions and states to approve local and foreign projects not exceeding an initial investment of K6 billion, or US$5 million.