Foreign investment in Myanmar increases: DICA

Foreign investment in Myanmar has exceeded US$ 43 billion (Ks 41.8 trillion) as nine countries including Britain and France have made new investments in the past month, according to the Directorate of Investment and Company Administration (DICA).

The new investments, worth more than US$ 53 million, were made in the period from August 31 to September 30, pushing the total foreign investment in the country to US$ 43.73 billion from US$ 43.68 billion.

Britain, South Korea and Hong Kong made the most new investments, with a total of more than US$ 29 million.

Countries making the least new investments were China, Thailand, Singapore, France, Japan and Luxembourg.

The manufacturing sector received the most investments, DICA said.

Myanmar enacted the new foreign investment law last year.

source: Eleven Myanmar

http://www.elevenmyanmar.com/business/4035-foreign-investment-in-myanmar-increases-dica