As Myanmar businesspersons have
increased their investment of 565 billion kyats (US$662.76 million), the
total amount of their capital has amounted to 2 trillion kyats in 2012,
according to the statistic of Directorate of Investment and Companies
Administration.
Most of the local investments have
flowed into construction, transportation, real estate and manufacturing
sectors. Between the first week of October and the third week of
November, 3.6 billion kyats of the local investment were invested in the manufacturing sector, 58 billion kyats in the transportation sector and 32 billion kyats in the real estate sector.
November, 3.6 billion kyats of the local investment were invested in the manufacturing sector, 58 billion kyats in the transportation sector and 32 billion kyats in the real estate sector.
The largest local investors in November
were the KMA Shipping Co., Ltd. with 58 billion kyats investment in
transportation sector, and the Royal Hi-Tech Group with 32 billion kyats
in real estate business
Investment volume of the locals was just
over 1.4 trillion kyats by October 2011, which increased from 949
billion kyats in November 2010. The current investment volume is 12
times the amount of 2009.
According to the new Myanmar Citizens
Investment Bill, the local investors can enjoy tax exemptions for five
executive years on imported goods, machinery and vehicles to be used in
their own industries.
source: Eleven Myanmar
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