Myanmar approves six more local, foreign investment enterprises

Description: 

"Myanmar Investment Commission (MIC) recently approved six more investment enterprises from both home and abroad, said a release from the Directorate of Investment and Company Administration (DICA) on Saturday. The enterprises, which will create over 1,300 local employment opportunities, were given the go-ahead at the commission's meeting held on Friday. With investment capital of 257.8 million U.S. dollars and 60.2 billion kyats (40.1 million U.S. dollars), the permitted enterprises engaged in the country's power, manufacturing, hotel and other services sectors, respectively. Meanwhile, the commission approved 39 foreign enterprises with investment capital of over 1 billion U.S. dollars in first two months of present fiscal year 2019-2020 which started in October, the DICA's figures said..."

Source/publisher: 

"Xinhua" (China)

Date of Publication: 

2020-01-11

Date of entry: 

2020-01-11

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good