State Administration Council Member Deputy Prime Minister General Mya Tun Oo, who is Chairman of the Myanmar Investment Commission, attended the 8/2024 commission meeting in Nay Pyi Taw yesterday.
During the meeting, the commission
allowed eight new investments in industrial, service, oil and natural gas,
transport and communication sectors, including increasing the capital of the
ongoing investment activities. The investment amount of these businesses
reached US$9.255 million and over K46 billion, creating 1,972 job
opportunities.
Electric vehicle assembling projects
were included among the permitted businesses.
Among 53 countries and territories that have invested in Myanmar until the end
of August 2024, Singapore, China and Thailand are the leading investors in 12
economic sectors, with 28.43 per cent of the total investment in the energy
sector, with 24.39 per cent in the oil and natural gas sector and 14.46 per
cent in the manufacturing sector.
The Myanmar Investment Commission
verifies and approves the investment proposals submitted by domestic and
foreign investors. Investment services for current investors are being provided
under the Myanmar Investment Law.
MNA/KTZH
#TheGlobalNewLightOfMyanmar
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