Myanmar investment reaches new heights
Myanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan.
As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million.
The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing plants, automobile assembly lines and garment factories. The majority of the new investments are manufacturing businesses.
The manufacturing sector has received the lion’s share of foreign investments since the start of 2013. In the past, the vast majority of foreign investments were mainly poured in the oil and gas and power projects, the directorate said.
Myanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan. As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million. The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing...
Myanmar received a total of $731 million in foreign investment in August 2013, pumping up the total investment in the country to $43 billion, according to the Directorate of Investment and Company Administration. The new investments came from China, Hong Kong, South Korea, Singapore, Malaysia and Japan.
As at August 31, the total investment of China in Myanmar reached $14.189 billion, of Hong Kong $6.446 billion, of South Korea $3.037 billion, of Singapore $2.436 billion, of Malaysia $1.625 billion and of Japan S$274 million.
The Myanmar government has approved a total of 21 new foreign businesses during August including manufacturing plants, automobile assembly lines and garment factories. The majority of the new investments are manufacturing businesses.
The manufacturing sector has received the lion’s share of foreign investments since the start of 2013. In the past, the vast majority of foreign investments were mainly poured in the oil and gas and power projects, the directorate said.
