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Eleven enterprises invest in Myanmar so far this month


An aerial view of Yangon. Photo: Hong Sar/Mizzima

Myanmar has allowed five foreign and six local enterprises totalling 11 to make investment in the country so far this month, sources with the Myanmar Investment Commission said Tuesday according to report by Xinhua on 11 August.

The approved businesses involving fully-owned and some joint ventures cover manufacturing of garments, bags and plastic bags under the Cut-Make-Pack system, production of aluminium, glass, metal, steel, furniture, sawn timber, flooring materials as well as the establishment of a data centre and related service businesses.

Last month, the commission had granted nine investment businesses, including building a satellite pay TV operator in Yangon, a hotel in Ngapali beach, western Rakhine state, facilities for clothing manufacturing, wood processing, value-added agricultural products processing and exportation, tri-motorcycle assembling and fire brick production, among others.

China remains the top foreign investor with 14.78 billion USD since 1988, followed by Thailand with 10.285 billion USD and Singapore with 10.249 billion USD.

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