Over 1 bln USD foreign investment enter Myanmar's sectors in two months

Source: Xinhua| 2019-12-21 17:39:53|Editor: mingmei
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YANGON, Dec. 21 (Xinhua) -- Foreign investment capital of over 1.02 billion U.S. dollars entered Myanmar's six sectors in first two months of present fiscal year (FY) 2019-2020 which started in October, said figures released by the Directorate of Investment and Company Administration (DICA) on Saturday.

As of Nov. 30, the Myanmar Investment Commission (MIC) gave the go-ahead to a total of 39 foreign enterprises in power, real estate, manufacturing, livestock and fisheries, transport and communication, and other services sectors, respectively.

Of them, the country's power sector topped the list with most investment capital of 503 million U.S. dollars, followed by real estate sector with 417 million U.S. dollars.

During the period, the permitted enterprises were from China, India, Japan, Malaysia, Singapore, Thailand and Britain.

In last FY 2018-2019, the MIC approved 282 foreign enterprises with investment capital of over 4.15 billion U.S. dollars, DICA's figures said.

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