Two investment projects allowed by Yangon Region Investment Committee

On 28 April, the Yangon Region Investment Committee granted approval for two investment projects with a total amount to K2.5 billion and US$ 1 million respectively.
One enterprise invested by Myanmar citizen and one foreign investment enterprise are expected to generate a total of 163 employment opportunities for the local workforce. As per the report, the endorsed businesses include the export of value-added raw materials of rubber and the production of cartons to be sold to domestic market accounting for 100 per cent.
Furthermore, the deliberations encompassed presentations from 17 companies that raised general issues, four of which were granted permission to augment their aggregate fixed capital by a sum of $2.738 million. —TWA/KZW