YRIC endorses 3 domestic projects, 4 foreign projects

A potential investor is seen observing indexes of the Yangon Bourse.

The Yangon Region Investment Committee (YRIC) gave the green light to three domestic enterprises made by Myanmar citizens and four wholly foreign enterprises with an estimated capital of US$4.845 million and K4.02 billion at the recent meeting 6/2024 held on 26 June.
Three domestic enterprises will pump investments into the hotel sector. In comparison, the four foreign enterprises will make investments in the manufacturing of wearing apparel, padding, quilting, and toys on a cutting, making, and packaging basis. The manufacturing of padding and quilting is designated for 80 per cent domestic distribution and 20 per cent exports. Those businesses will create a total of over 3,000 jobs.
YRIC endorsed one domestic enterprise made by Myanmar citizens and three wholly foreign enterprises in May, with an estimated capital of $3.739 million and K1.55 billion. — NN/EM

Share this post
Hot News
Hot News
Tatmadaw education schools, Tatmadaw BEHSs turn out 392 distinction winners in matric exam 2024
MNHRC inspects Yamethin Prison, Kintha 1 & 2 Production Camp
Myanmar ambassador to Japan engages with Kumamoto officials, business leaders
Myanmar to participate in 36th VECONAC, 23rd General Assembly in Singapore
Strand Road Night Market opens in Magway
MoE Union Minister receives Ambassador of India
DPM MoD Union Minister leaves for Vietnam to attend state funeral
Myanmar, India to enhance cooperation in e-ID system
DPM MoFA Union Minister attends China-South Asia Expo opening
Indian Ambassador calls on MoHT Union Minister