YANGON: The Yangon Region Investment Committee (YRIC) has approved three new investment projects during its meeting held in Yangon on Wednesday (May 29), state-owned daily The Global New Light of Myanmar reported on Thursday.
Among the approved projects, two are local investments in the hotel and tourism sector, while the other one is a foreign project in the industrial sector, the report said.
The projects included motel service, hotel service and CMP garment manufacturing with a capital of over 6.6 billion kyats (US$3.14 million) and $0.866 million, it said, adding that these projects are expected to create 1,220 jobs for local people.
The meeting also discussed the appointment of 2,500 local staff by one company and other reports made by 14 companies, the report said. - Xinhua
