Myanmar attracts more than US$2.7 billion in foreign direct investments

20 March 2020
Myanmar attracts more than US$2.7 billion in foreign direct investments
This photo taken on March 17, 2020 shows a high rise commercial building under construction in Yangon. Photo: Sai Aung Main/AFP

Myanmar has attracted more than US$2.7 billion in foreign direct investments over the past five months of the current fiscal, an increase of $1billion compared with the corresponding period of the previous FY, state media reported.

According to DICA statistics, 136 foreign enterprises have obtained permits from the Myanmar Investment Commission (MIC) and endorsements from regional and state Investment Committees between 1 October and 6 March in the current fiscal, bringing in the capital of $2.7 billion.

In the year-ago period, FDI of just $1.7 billion had poured in from 109 enterprises.