THE
Myanmar Investment Commission (MIC) meeting (12 / 2019) was convened at the
meeting room of the MIC on the morning of 30 July 2019 in Yangon. U Thaung Tun,
Chairman of the MIC, Dr Than Myint, Vice Chairman and (8) members attended the
meeting.
The
meeting approved nine projects in the livestock and fisheries, manufacturing,
hotel and realestate sectors. The amount of USD 101.172 million and Kyat
110,703.800 million have been approved for those projects, which will create
3,029 job opportunities for Myanmar citizens.
A
total of 1,752 foreign enterprises in 12 sectors from 49 countries were
permitted, with the total pledge amount of US$ 80,892.061 million from 1988 to
the end of June 2019. Among them, the three leading countries who invested were
Singapore, People’s Republic of China, and Thailand.
The
largest sector of investment has been Oil & Gas sector. It accounted for
27.72%, follow by the Power sector, which ac-counted for 26.18%. The third
largest sector was manufacturing, which accounted for 13.82% of the total
permitted amount of foreign investment.
MNA
Photo:
MNA
Ref:
The Global New Light of Myanmar
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