Myanmar approves 12 local and foreign investment enterprises

  • 📰 staronline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

YANGON: Myanmar Investment Commission (MIC) recently approved 12 investment enterprises from home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday (Feb 15).

The enterprises, which will create over 6,600 job opportunities for Myanmar citizens, were permitted at the commission's recent meeting.

With investment capital of US$501.9mil and 73.4 billion kyats , the permitted enterprises are engaged in the country's manufacturing, other services sectors and hotel sectors, respectively.Meanwhile, oil and gas, power and manufacturing sectors were the top three sectors in the list with most foreign investments.

From FY 1988-89 to Dec. 31 of FY 2019-20, the foreign investments in 1,909 permitted projects have reached over US$83bil in the country. - Xinhua/Asian News Network

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines