After the member of State Administration Council (SAC) Gen. Mya Tun Oo took charge of the post of the Investment Commission, six new foreign investments worth US$72.98 million were permitted.

In addition, the Military Council permitted increasing the paid capital of eight ongoing investments besides six new foreign investments in the electricity, industry, hotel and tourism sectors.

It is learned from the Military Council’s Foreign Investment Commission that these six new foreign investments in renewable energy electrical power, industry, hotel and tourism sectors were permitted by the commission on 2 October, creating over 2,600 job opportunities for the people.

Of these new investments, 28% will be in the electric power sector, 24% in the oil and gas sector, 14% in the industry sector respectively.

US energy company Chevron, French Total and British American Tobacco Company which manufactures London and Lucky Strike cigarettes and some foreign companies exited Myanmar after the 2021 military coup.