Myanmar Investment Commission approved 12 new businesses

Myanmar Investment Commission’s meeting (3/2020) has allowed 12 new businesses in the sectors of productivity, other services and hotel sector, according to the meeting.

The approved businesses involve 12 new businesses in the sectors of productivity, other services and hotel sectors including the capital raising from 19 businesses.

The businessmen’s investment amount is $ 501.913 million and K 73,435.332 million which will create 6,618 job opportunities for local workers. The largest investors were Singapore, the People’s Republic of China and Thailand up to the end of December 2019.

The largest share of investment in the 12 sectors from 50 countries accounted for (27.00) percent of the total in the sector of the oil and natural gas industry and accounted for (26.15) percent of the total in the sector of electricity and (14.07) percent of the total in the sector of productivity.

Written by iMyanmarHouse.com Team

Credit: iMyanmarHouse.com