Employment rises throughout U Thein Sein administration

The five-year term in office of President U Thein Sein saw an increase in foreign investment into Myanmar, with a 67.85 per cent increase in employment opportunities, according to a statement released by the Myanmar Investment Commission on 30 March.

During the 2011-12 fiscal year, there was an increase of 6,804 employees working for foreign companies, according to the Foreign Investment Law, and rise of 9,805 workers employed within Myanmar companies, according to the Myanmar Investment Law, while the following fiscal year saw a rise of those employed in foreign companies to 62,412 workers and 18,867 workers within Myanmar companies—a rise of 5.13 per cent.

Furthermore, in the 2013-14 fiscal year, there were 77,597 workers in foreign companies and 17,269 in local companies—a rise of 1.16 per cent, while during the 2014-15 fiscal year, there were 105,500 workers in foreign companies and 12,593 in Myanmar companies—a rise of 1.35 per cent. In the current 2015-16 fiscal year, there are 88,572 workers in foreign companies and 22,894 in Myanmar companies—an increase of 0.87 per cent from the previous year.

Source: Global New Light of Myanmar

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