MIC ap­proves eight more lo­cal and for­eign in­vest­ment projects

Mizzima Business Weekly - - CONTENTS -

Myan­mar In­vest­ment Com­mis­sion (MIC) re­cently ap­proved eight more lo­cal and for­eign in­vest­ment projects, said a re­lease from the Direc­torate of In­vest­ment and Com­pany Ad­min­is­tra­tion (DICA), Xin­hua re­ported.

The ap­proved projects cover live­stock and fish­eries, man­u­fac­tur­ing, ho­tel, real es­tate, oil and gas, trans­port and telecom­mu­ni­ca­tion sec­tors, cre­at­ing 3,159 em­ploy­ment op­por­tu­ni­ties for lo­cal peo­ple.

Ac­cord­ing to the DICA fig­ures, a to­tal of 1,806 for­eign en­ter­prises were per­mit­ted with es­ti­mated in­vest­ment cap­i­tal of 81.6 bil­lion U.S. dol­lars from FY 1988-1989 to Aug. 31 of present FY 2018-2019.

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