Three Hong Kong-based companies pumped in US$276.98 million into Myanmar in October, the first month of the current financial year, according to the Directorate of Investment and Company Administration (DICA), state media reported.

Hong Kong topped the list of investors in October and was followed by China, which invested an estimated $8.66 million in four projects. Foreign direct investment (FDI) of $292.128 flowed into Myanmar in October.

Investments also flowed into the country from Japan and Thailand. Between 1 October and 16 November in the current fiscal year, foreign direct investment of $529.18 million flowed into the country, including expansion of capital by existing enterprises, according to DICA.