Myanmar attracts over US$90mil investment from foreign firms

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YANGON: Myanmar Investment Commission (MIC) recently approved and endorsed 25 foreign enterprises, attracting US$91.46mil of investment capital, state-run media reported on Saturday (March 14). The commission gave the green light to four foreign enterprises to operate in the country while 21 others were endorsed, creating 14,000 local employments.

Locals buying goods at a busy supermarket in central Yangon on Saturday . Myanmar Investment Commission recently approved and endorsed 25 foreign enterprises, attracting US$91.46mil of investment capital, state-run media reported on Saturday. - AFP

The commission gave the green light to four foreign enterprises to operate in the country while 21 others were endorsed, creating 14,000 local employments. Meanwhile, the MIC also nodded two local enterprises and seven other domestic ones were endorsed by the regional investment committees, with investment capital of 69.7 billion kyats and 19.34 million kyats .

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