Twenty-four investment businesses permitted by MIC; create over 15,000 job opportunities

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Containers seen at the container yard in Yangon on 8 December 2016.

A total of 24 businesses are permitted to invest in Myanmar, creating over 15,000 job opportunities, according to the Myanmar Investment Commission meeting.
Out of 24 permitted enterprises, 21 are foreign direct investments, while the remaining are Myanmar Citizens investment businesses.
These foreign investments are said to be from Singapore, China, Korea, Japan, Brunei, France, Canada, Cambodia, Ireland, Australia, Hong Kong and China (Taipei) in these sectors: manufacturing, transport and communication, livestock and fishery, real estate, hotel and other services.
The MIC permitted these 24 enterprises to invest US$826.115million of FDI and Ks46,243.560million of Myanmar Citizens Investments, it is learnt.
The foreign direct investments of US$3,033.058million were attained from a total of 100 permitted foreign enterprises as of 6th January in this fiscal year 2016-2017.
The MIC permitted investment proposals only after scrutiny of environmental and social impact assessments and sector-specific developments, in keeping with the existing laws.

 

 Mon Mon

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