The Myanmar Investment Commission (MIC) meeting (16 / 2019) was convened at the meeting room of the MIC on the morning of 27th September, 2019 in Yangon. U Thaung Tun, Chairman of the MIC, Dr. Than Myint, Vice Chairman and (10) members attended the meeting.

The meeting approved six projects in the livestock, manufacturing, hotel and tourism, other services and mining sectors. The amount of USD 147.903 million and Kyat 2,000 million have been approved for those projects which will create 1,083 job opportunities for Myanmar citizens.

A total of 1,806 foreign enterprises in 12 sectors from 50 countries were permitted, with the total pledge amount of US$ 81,597.743 million from 1988 to the end of August 2019. Among them, Singapore, People’s Republic of China and Thailand are the leading countries.

The top sector is Oil & Gas sector, accounted for 27.48%, followed by the Power sector, accounted for 25.95% and manufacturing sector, accounted for 14.01% of the total permitted amount of foreign investment.