Domestic investments touch K1,370 bln, $284.769 mln in current fiscal


Domestic investments by Myanmar citizens, including an expansion of capital by existing enterprises, have reached K1,370 billion and US$284.769 million as of 18 June of 2019-2020 financial year since October, according to a press statement issued by the Myanmar Investment Commission (MIC). Between 1 October and 18 June in the current fiscal, Myanmar Investment Commission (MIC) and the respective region and state investment committees gave green lights to 87 local enterprises to invest in various sectors, with estimated capitals of over K1,101 billion and $189 million. Domestic investments have flowed into the real estate, manufacturing, hotels and tourism, construction, industrial estate, energy, mining, livestock and fisheries, agriculture, and other services sectors, according to the Directorate of Investment and Company Administration (DICA). The hotels and tourism sector pulled the largest investments, followed by manufacturing and other service sectors. — GNLM (Translated by Ei Myat Mon)

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