In a
country where most investments go to lucrative mining, hydropower and
oil and gas, private investment worth 133 billion kyats (US$156.5m) has
been put into transportation, manufacturing, farming and others within a
month.
Last month saw 11 new businesses in
Myanmar, leading to an increase in the total of its private investment
from K2260 billion (US$2.66bn) to K2393 billion (US$2.82bn), according
to the reports of the Directorate of Investment and Company
Administration.
Investment in transportation was up
K21.25 billion reaching K292.13 billion, while that in manufacturing up
K21.9 billion reaching K575.86 billion.
Meanwhile, the least was the increase of
investment in farming which was K4.65 billion only. Total investment in
the sector reached K21.6 billion in January. Investments in other
sectors amounted to K85.12 billion, making the total figure K229.27
billion.
Analysts pointed out that investment in
agriculture of Myanmar is still very low at 547 million, although the
country is an agricultural country, whose major export products are rice
and beans.
Myanmar Citizens’ investment figures (in billion kyats)
Industry 2012 Dec’ 2013 Jan’ Net Increase
Manufacturing 553959 .21 575859 .90 21900 .69
Transportation 270877 .46 292127 .46 21250 .00
Farming 16953 .00 21603 .00 4650 .00
Others 44150 .16 229274 .21 85124 .05
source: Eleven Myanmar
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