Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 02:12:00
REUTERS: Foreign direct investment (FDI) in Myanmar during the fiscal year that ended in March totalled US $ 9.4 billion for 217 projects, official data showed yesterday.
Myanmar saw a record-high inflow in the last fiscal year under the former semi-civilian government, according to data compiled by the Directorate of Investment and Company Administration.
The investment reflects growing, if still cautious, interest in one Asia’s last remaining untapped markets and a rush of last-minute approvals before the handover of power to Aung San Suu Kyi’s administration.
Myanmar received US $ 8 billion in FDI in 2014/15, compared with US $ 4.1 billion in 2013/14.
The oil and gas sector attracted the biggest investment last fiscal year, followed by transport and communication and manufacturing.
Singapore, which put US $ 4.3 billion into 55 projects, topped the list of foreign investors followed by China, Myanmar’s biggest trading partner, which invested US $ 3.3 billion.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul