FDIs worth of 1.5b USD enter Myanmar within eight months
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Hsu / Phoo Pyae (NP News) - Dec 20
According to data and statistics released by the Myanmar Investment Commission, a total of nearly 1.5 billion USD of #FDI entered #Myanmar within eight months of 2022-23 Fiscal Year from April to November.
There were 58 investments of both new and existing within those periods.
Among those 58 investments, two are in agricultural sector; one in mining; 41 in production; ten in the energy sector; one in the hotel and tourism; one real estate; and two in service sectors.
Service sector was the second highest in the investment with total amounts of more than 413m USD, according to the released statistics, followed by the energy sector which amounted more than 817m USD.
Foreign investments mainly enter Myanmar in energy sector after 1988-89 FY. Gas and patrol, production, transport, and communication sectors follow energy.
Singapore made highest investments in Myanmar worth of 25.8b USD among 52 countries. Also, China, Thailand, Hong Kong and UK also invested many sectors in Myanmar.