THE Myanmar Investment Commission (MIC) held its meeting (1/2022) at No. 18 Union Government Office in Nay Pyi Taw on 14th January. Lt-Gen Moe Myint Tun, Chairman of the Myanmar Investment Commission and the MIC members attended.
MIC gave the go-ahead to the expansion of capital by five existing enterprises and ten new projects in livestock and fishery, manufacturing, mining and services sectors. The overall investments amounted to US$241.79 million and over K806 billion. Those enterprises will employ 2,646 residents.
Myanmar has attracted foreign direct investment of more than $479.395 million from 19 enterprises as of mid-January 2022 since October 2021. The domestic investments made by Myanmar citizens have exceeded K1,048 billion and 20 enterprises were given the green light. Those enterprises are to create 12,747 job opportunities.