Myanmar opens to 101 foreign firms in H1

  • Myanmar has permitted 101 foreign firms to invest in the country in the first half (April to September) of the 2015-2016 fiscal year, sources with the Directorate of Investment and Company Administration said. The permitted investment sectors cover oil and gas, manufacturing, transport and communication, hotel and tourist, real estate, mining and other services. Of the total investment of $3.28 billion during the period, the oil and gas sector stood first with $2.05 billion, followed by manufacturing with $590.057 million, transport and communication with $270 million, real estate with $232.87 million, other services with $85.05 million, hotel and tourist with $50.75 million and mining with $2.183 million. (Source: IANS)