Myanmar opening more doors to foreign investments in Yangon region

A Young monk is seen doing his morning rounds near streetin central YAngon. The Myanmar's Yangon Region Investment Committee (YRIC) recently approved 16 foreign investment businesses for the region, according to the Directorate of Investment and Company Administration (DICA) on Sunday (Feb 23).

YANGON: Myanmar's Yangon Region Investment Committee (YRIC) recently approved 16 foreign investment businesses for the region, according to the Directorate of Investment and Company Administration (DICA) on Sunday (Feb 23).

A total of US$28.507mil of foreign investments from China, Seychelles and Estonia as well as 3 billion Kyats (US2mil) from one local enterprise engaged the region's manufacturing sector and other services, creating over 8,900 job opportunities for local citizens.