Myanmar approves 5 more local, foreign investment enterprises

Source: Xinhua| 2019-11-30 12:44:30|Editor: Wang Yamei
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YANGON, Nov. 30 (Xinhua) -- Myanmar Investment Commission (MIC) recently approved five more investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday.

The local and foreign investment enterprises which will create over 1,001 local employment opportunities were approved at the commission's meeting held on Friday.

The permitted enterprises will engage in the country's power, livestock and fishery, and real estate sectors.

Meanwhile, Myanmar attracted over 292.1 million U.S. dollars' foreign direct investment in manufacturing, other services and real estate sectors in October, first month of present fiscal year 2019-2020.

Regionally, Yangon region attracts 60 percent of both local and foreign investments, followed by Mandalay region with 30 percent and the rest flows into other regions and states.