15 December
The Myanmar Investment Commission-MIC approved three projects yesterday in the power sector and Real estate sector, amounted to over US$ 50 million and over K1.9 billion.
The projects will create 94 job opportunities for Myanmar citizens.
The approval came at the meeting 20/2019 of the Myanmar Investment Commission-MIC in Yangon yesterday. U Thaung Tun, Chairman of the MIC and (9) members attended the meeting.
By the end of October 2019, the countries with the largest investment in Myanmar were Singapore, People’s Republic of China and Thailand.
The top sector is Oil & Gas sector, accounted for 27.29%, followed by the Power sector, accounted for 25.77% and manufacturing sector, accounted for 14.04% of the total permitted amount of foreign investment.— MNA
