Myanmar has seen increased both foreign and local investments in September 2020
28 Oct 2020
Myanmar has seen increased foreign and local investment in September 2020, according to investment data for August and September from Myanmar Investment Commission.
In August, the commission approved $40.992 million foreign direct investments while the approved investment in September reached $507.159 million.
Looking at the investment by sector, the industrial sector received eight foreign investments in August totaling $40.309 million while September saw 11 foreign investments totaling $212.839 million.
The construction sector and hotel and tourism sector did not receive any investments in August. However, the sectors received $220.135 million and $10.158 million respectively.
The service sector in September received 4 investments with a total volume of $64.027 million compared to $0.683 million in August.
In August, local investment totaled K168.276 billion similar to that of September, which saw K168.907 billion.
(Myanmar Business Today: https://mmbiztoday.com/myanmar-sees-increased-investments-in-september/ )