The Myanmar Investment Com- mission (MIC) held its meeting (1/2022) at No. 18 Union Government Office in Nay Pyi Taw on 14 January. Lt-Gen Moe Myint Tun, Chairman of the Myanmar Investment Commission-MIC and the MIC members attended. During the meeting:
- MIC green-lighted the expansion of capital by five existing enterprises and ten new projects in livestock and fishery, manufacturing, mining and services sectors.
- The overall investments amounted to US$241.79 million and over K806 billion. Those enterprises will employ 2,646 residents.
- Myanmar has attracted foreign direct investment of more than $479.395 million from 19 enterprises as of mid-January 2022 since October 2021. The domestic investments made by Myanmar citizens have exceeded K1,048 billion and 20 enterprises were given the green light. Those enterprises are to create 12,747 job opportunities.
During 2020-2021 FY, the domestic investments made by Myanmar citizens have reached US3.552 billion and K332.966 billion.
During 2020-2021 FY, there included the projects in the fields of electricity, transport and communication, industry, construction, hotels and tourism, building industrial zones, livestock and fishery, agriculture and others in the direct foreign investments and domestic investments also included projects in the fields of mechanical, construction, other services, hotels and tourism, agriculture, electricity, and mineral excavation, transport and communication, livestock and fishery.
- The overall investments amounted to US$241.79 million and over K806 billion. Those enterprises will employ 2,646 residents.
- Myanmar has attracted foreign direct investment of more than $479.395 million from 19 enterprises as of mid-January 2022 since October 2021. The domestic investments made by Myanmar citizens have exceeded K1,048 billion and 20 enterprises were given the green light. Those enterprises are to create 12,747 job opportunities.