Myanmar attracted investment capital of over 348 million U.S. dollars from permitted foreign enterprises in first quarter of the present fiscal year (FY) 2020-2021 starting October, according to figures issued by the Directorate of Investment and Company Administration (DICA) Xinhua reported.

In the cited quarter of the current fiscal year, the Myanmar Investment Commission (MIC) gave the go-ahead to 23 foreign investment enterprises.

During the period, the manufacturing sector attracted most investment capital with over 158 million U.S. dollars, followed by the hotel and tourism sector with over 81 million U.S. dollars and the electricity power sector with over 48 million U.S. dollars, the DICA figures showed.