From April to September this year, the total foreign investments reached over US$ 1.76 billion, down US$ 2.372 million compared with the same period last year, according to the Directorate of Investments and Company Administration.

During the six months period from April to September, the total FDI inflows were expected to hit up to US$ 3 billion, down nearly US$ 1.3 billion.

The manufacturing sector topped the list of FDI inflows with US$ 706.677 million, followed by the communication and transport sector, with US$ 314.158 million, the real estate sector, with US$ 280.380 million and the other sector, with US$ 277.184 million.

Than Aung Kyaw, Deputy Director of the DICA said: “Take a look at the six-month budget, the first one is misunderstandings of some countries. The whole six month is the rainy season. During the first and second six months, there were construction works and inflows of investments.”

Until September of 2017-2018 fiscal year, the total FDI inflows hit US$ 4,137.013 million. During this period, the manufacturing sector topped the list of FDI with US$ 1,450.960 million, followed by the real estate sector, with over US$ one billion.

Due to the greenback appreciation and a decline in the global investment trend, the total FDI inflows are expected to reach US$ 5.8 billion in the coming fiscal year.