- Photo: AFP file
YANGON: The Myanmar Investment Commission (MIC) approved four foreign investment projects and 15 local ventures on Friday (Sept 26), state-owned daily The Global New Light of Myanmar reported on Saturday (Sept 27).
These projects cover various sectors, including industry, services, electricity, transport, communications, as well as breeding and marine industries, and are expected to create 4,446 jobs for locals, the report said.
The total investment is valued at US$109.63 million and over 417.54 billion kyats (about US$198.82 million), it said.
As of the end of August 2025, among the 53 investing countries, Singapore, China, and Thailand are the leading countries with the largest foreign investments in the country, it added.
The MIC oversees and approves investment project proposals from locals and overseas, and serves existing investors under the Myanmar Investment Law, the report said. - Xinhua
