Myanmar Investment Commission (MIC) approved four foreign investment permits and 17 endorsement process in this week, which amounted to over US$ 310 million with 10,102 job opportunities, state media reported.
The announcement came at the MIC’s meeting 1/2020 yesterday at the office of Directorate of Investment and Company Administration in Yangon.
The period from October 1 to 10 January of this 2019-2020 financial year has allowed foreign investment amounted to US $ 1,546.94 mln and Myanmar citizen Investment amounted to Kyat 716,451.284 mln including US $ 128.400 mln.
By the end of November 2019, the countries with the largest investment in Myanmar were Singapore, the People’s Republic of China, Thailand, Hong Kong and the United Kingdom. The top sector is Oil & Gas sector, accounted for 27.04%, followed by the Power sector, accounted for 26.15% and manufacturing sector, accounted for 14.01% of the total permitted amount of foreign investment.