109 foreign investments permitted so far this FY

22 March 2019
109 foreign investments permitted so far this FY
(File) Construction labourers working on an elevated platform at a deep sea port project in Mayingyi, part of the Dawei Special Economic Zone development. Photo: AFP

Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in present fiscal year 2018-2019 which started in October last year, according to the Directorate of Investment and Company Administration, Xinhua reported.

From October, 2018 to February this year, over 1.7 billion U.S. dollars' investments from the permitted projects entered the country.

During the period, manufacturing sector topped the list with over 520 million U.S. dollars' investments from 79 projects, the figures said.

The foreign investments also flowed into the country's agriculture, livestock and fisheries, power, transport and communication, hotel and tourism, real estate, industrial estate and other services sectors.