China remains Myanmar’s top source of FDI

China continues to be the largest investor in Myanmar with more than US$14 billion of cumulative investment as of the end of June, according to latest data from the Directorate of Investment and Company Administration (DICA).

Foreign companies have so far invested more than $46.71 billion in 12 sectors, including oil and gas, manufacturing, mining, hotels and tourism, transport and logistics, real estate, livestock and fisheries, agriculture, construction and services.

The energy sector has received the most foreign investment, about 41 per cent of the total, while the construction sector has received the least, according to DICA.

Thailand is the second largest source of foreign investment, the agency said.

As of June, 720 foreign businesses had received permission to invest in Myanmar, with 118 of them from Singapore. These investments include 100 per cent foreign owned businesses as well as joint ventures with domestic companies. The foreign companies hail from ASEAN, East Asia, South Asia, Europe, the Americas and Oceania.

source: Eleven Myanmar

http://www.elevenmyanmar.com/index.php?option=com_content&view=article&id=6723:china-remains-myanmar-s-top-source-of-fdi&catid=33&Itemid=356