78 more foreign-invested firms arrive this year

Singapore, Japan and South Korea continue to be the top sources of foreign investment in Myanmar this year, with companies from the three Asian Tigers leading the way among the 78 foreign invested firms given permission to invest in Myanmar in the fist five months of this year.

Companies from Hong Kong, Thailand, Indonesia, China, Malaysia, Taiwan, Sweden, India, Brunei and Laos followed suit.

Two types of foreign investments were allowed: 100 per cent foreign-invested firms and joint ventures with local partners.

Foreign investment flowed into a wide array of sectors, including garment factories, electricity production and distribution, agriculture, hotels, construction and construction materials, communication services and devices, production and distribution of soft drinks and lead production and purification.

Cumulative foreign investment in Myanmar totaled 46.485 billion at the end of April.

source: Eleven Myanmar

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