Myanmar Investment Commission has approved 63 foreign investments and 69 investments of Myanmar nationals in the fiscal year of 2023-2024. The 63 foreign investments approved are estimated at about USD 651.9 million and the 69 investments of Myanmar citizen approved are estimated at about 1,287.3 billion kyats, which can create more than 5,530 jobs for domestic workers.
Myanmar Investment Commission has targeted over 990 billion kyats for the investment of Myanmar nationals in this fiscal year. In practice, as Myanmar nationals have invested more than 1,287 billion kyats, nearly 300 billion kyats have been excessive. In coming financial years, efforts will be targeted to increase Myanmar nationals’ investment more, it is reported.
Source: MWD (13-3-2024)
- The 63 foreign investments approved are estimated at about USD 651.9 million and the 69 investments of Myanmar citizen approved are estimated at about 1,287.3 billion kyats, which can create more than 5,530 jobs for domestic workers.