"The investment commission gave approval to mostly garment factories, shoe factories and other manufacturing businesses. This will create employment opportunities for the citizens. On the other hand, labour rights should be ensured. It is bad if foreign investors could not ensure labour rights after getting approval for investment," said an executive from the Union of Myanmar Federation of Chambers of Commerce and Industry.
The government-approved foreign investment reached over US$46 billion last June. Meanwhile, the actual foreign investment was recorded at $36 billion.
Energy sector represents the largest amount of foreign investment as it accounts for $19.28 billion. Oil and gas sector follows next with the total foreign investment of $14.37 billion.
source: Eleven Myanmar