Myanmar Investment Commission (MIC) has granted the permits to six investments worth 147.903 million US dollars and Ks2,000 million, at its meeting on September 27.

Livestock, production, hotels and tourism, other services and mining sectors got the nod from the MIC. It will create 1,083 jobs for locals.

From 1988 till August 2019, 1,806 business from 50 countries have invested 81,597.743 million in 12 business sectors. The top investors in Myanmar are Singapore, China and Thailand.

Oil and gas sector accounts for 27.48 per cent of the total investments, the electricity sector, for 25.95 per cent and the production sector, for 14.01 per cent.

At its meeting on September 14, the MIC allowed 10 investments worth 43.771 million US dollars, which will create 5,619 jobs for locals.

From October 1 to September 14 in 2018-2019 FY, the MIC allowed 262 foreign investments worth 2594.544 million US dollars. The total FDI including investment promotion, reached 3959.640 million US dollars.

Till September 14 of 2018-19 FY, the investments allowed by the MIC under the Special Economic Zone Law amounted to 362.280 million US dollars.

Till September 14 of 2018-19 FY, the total FDI reached 4321.920 million.