The inflow of  investments from Singapore where the companies from Japan and western countries are based, has reached 1.3 billion US dollars, a three-fold increase, in the first quarter of this year, said Thaung Tun, Union Minister for Investment and Foreign Economic Relations and chair of Myanmar Investment Commission.

 The FDI by China and Hong Kong see a 150-per-cent increase, reaching 590 million US dollars, he added.

“Energy and transportation sectors see an inflow of more investments. The total FDI at the manufacturing sector reached 700 million US dollars or a 60-per-cent increase. The FDI at the transportation and communication sectors reached one billion US dollars or a four-fold increase. The massive inflow of FDI into all investment sectors is expected to create more employment opportunities,” he continued.

From 1988-89 to June of 2018-19 FY, 49 countries invested over 80.8 billion US dollars, according to the Directorate of Investment and Company Administration.

Singapore topped the list of FDI with over 21.7 billion US dollars, followed by China with over 20.68 billion US dollars, Thailand with over 11.309 billion US dollar, Hong Kong with over 8.165 billion US dollars, the U.K with over 4.525 billion US dollars.

The total FDI is expected to hit over 220 billion US dollars with the next 20 years and the inflow of more responsible investments is expected.