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FDI reaches over US$920 million
Source : The Global New Light of Myanmar View Count : 97
Jun 15, 2017

Foreign direct investment (FDI) reached US$920 million in April and May, according to Directorate of Investment and Company Administration (DICA).
       The total of foreign direct investment to the country reached US$71 billion as of April 2017, up by over $656.27 million compared with the last three months of 2016.
       Foreign direct investment has reached US$ 70.35 billion in the first three months of 2017.
       Myanmar acquired US$923.59 million of FDI in April and May.
       Foreign direct investment of over US$71 billion was granted in Myanmar between fiscal 1988-1989 and May of fiscal year 2017-2018.
       The oil and gas sector was ranked first in foreign investment, followed by the power sector, with most of the foreigner investors from China and Singapore.
       The five-year, short-term national development project will be implemented to promote the export sector, the private sector, and to commercialize regional development projects and benefit private entrepreneurs.
       DICA will review the rules which restrict foreign investment and reduce the obstacles in running businesses such as exorbitant property prices.
       It also said that electricity will be made available and transportation will be made more convenient.

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