Local investment in Myanmar has risen 110 billion Kyats (US$114 million) to 3 trillion Kyats (US$3.2 billion) in July, according to the Ministry of Commerce

wasting time in myanmar, unproductive meetings, wrong prospects. business partner search service

Over 101 billion Kyats –  91 percent of the investments made by local businesses last month – was added to the manufacturing sector. Total local investments in manufacturing reached 801 billion Kyats ($827 million) by the end of July.

Local businessmen invested in new rice factories, sugar plants and manufacturing various construction materials in July. They also launched tourism and other service businesses.

Myanmar Investment Commission has recently approved three locally owned businesses and six foreign businesses.

A sugar factory in Bago Region, a 32-mile road construction in Magway region and a 50MW power plant in Yangon Region were approved for local investors. Foreign investments approved include garment factories, manufacturing plants and hotel construction from Vietnam, Hong Kong, South Korea and Singapore.

Source: Eleven Media

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.