More than 250 local and foreign investors were approved to operate in Myanmar last year, with the manufacturing sector topping the investors list, according to figures released by the Myanmar Investment Commission.
The MIC held 23 meetings in which it granted permits to 258 investors.
Last year’s new investors will be involved in the production of modern home furniture, wood-based home decoration materials, plywood, sawed woods, value-added fish products, animal feed, piecework, glasses production, medicines, construction of high-rise buildings, international-standard hotel services, gravel for construction projects, the establishment of international-grade timber mills and the production of high-quality sawed woods.
Investors will also be involved in TV shooting, production and broadcasting and its related services, as well as in tin, heavy-mining and oil and gas exploration and production.
The MIC granted permits based on recommendations and evaluations conducted by region and state governments and related ministries.
The MIC allows cent-per-cent foreign investments as well as joint-venture investments. Read more