More investments are left to allow: DICA

Writer: 
Nilar
Meeting of Myanmar Investment Commission (Photo-DICA)

 

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA).

The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said.

Moreover respective investment commissions found in regions and states are also allowed in respective regions and states, he continued.

Although foreign investments are not made at Kachin, Kayah, Chin and Rakhine states and Magway region in 2017-18 fsy, local businessmen are making business in those states and region.

Foreign investments entered Yangon, Bago, Taninthayi, Ayeyawady, Mandalay and Sagaing regions and Shan, Mon, Rakhine and Kayin states and Nay Pyi Taw within six months of this fiscal year.

More than US$4 billion worth of 129 foreign investments including over US$200 million investments at Thilawa SEZ have entered Myanmar in that period and it is more than three billions in compared with the same period in last fiscal year, according to the MIC.