Naypyitaw, October 28

Myanmar Investment Commission (MIC) held its regular meeting (14/2020) via Video Conferencing system, this afternoon. Chairman of the MIC, Union Minster U Thaung Tun, Vice Chairman, Union Minister Dr. Than Myint and members of the Commission participated in the meeting.

The meeting approved five new projects in the livestock and fishery, manufacturing, real estate, oil and gas and other services sector as well as additional investment in eight existing projects. The approved projects amounted to USD (105.890) million, Kyats (35,629.479) million and (688) job opportunities are expected to be created.

By the end of September 2020, the countries with the largest investments in Myanmar are Singapore, People’s Republic of China and Thailand. The power sector accounted for 26.17 %. This was followed by the oil and gas sector, accounting for 26.09 % and the manufacturing sector, accounting for 14.45 % of the total permitted amount of foreign investment.