Domestic investment exceeds 1.1 billion USD in first 10 months

07 August 2020
Domestic investment exceeds 1.1 billion USD in first 10 months
Ferry boats transport passengers across Yangon river under the rain clouds in Yangon, Myanmar, 28 July 2020.  Photo: Lynn Bo Bo/EPA

Myanmar's domestic investment exceeded 1.1 billion U.S. dollars in the first 10 months of the present fiscal year (FY) 2019-2020, state-run media.

From Oct. 1, 2019 to July 31 this year, Myanmar Investment Commission gave the go-ahead to 113 local enterprises with a capital of 1.2 trillion kyats (over 881 million U.S. dollars) and some existing enterprises expanded their capital.

During the period, the domestic investment involved the country's sectors of real estate, manufacturing, hotels and tourism, construction, industrial estate, energy, mining, livestock and fisheries, agriculture and other services.