Thursday, 3 April 2014

Foreign investment creates over 150,000 jobs

Foreign investment in Myanmar has created more than 150,000 job opportunities for citizens, according to the Myanmar Investment Commission (MIC).

The MIC grants permissions for the rental of government-owned land but also facilitates private ownership. They have also been helping lift economic restrictions like the transferring of foreign currency.

According to records from the Ministry of National Planning and Economic Development, the amount of foreign investment entering Myanmar is more than US$ 45 billion by end of January this year.

MIC has allowed local and international investments in accordance with Foreign Investment Laws and Myanmar Citizen Investment Laws and it is now giving first priority to creating more job opportunities.

source: Eleven Myanmar
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