MIC approves investment proposals with 3,300 job opportunities

Myanmar Investment Commission (MIC) held its regular meeting (15/2020) via videoconferencing system, yesterday morning. Chairman of the MIC, Union Minister U Thaung Tun and members of the Commission participated in the meeting.
The meeting approved six new projects in the agriculture, livestock and fisheries, manufacturing and other services sector as well as additional investment in five existing projects. The approved projects amounted to USD (73.820) million, Kyats (673.200) million and (3,300) job opportunities are expected to be created.
By the end of October 2020, the countries with the largest investments in Myanmar are Singapore, People’s Republic of China and Thailand. The power sector accounted for 26.14%. This was followed by the oil and gas sector, accounting for 26.05 % and the manufacturing sector, accounting for 14.56 % of the total permitted amount of foreign investment.—MNA

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