Myanmar News Updated
Highlight Myanmar News
Nearly 2 bln USD Foreign Investments Enter Myanmar in First Half of FY 2018-19
01/05/2019
AUTHOR: XINHUA
Over 1.87 billion U.S. dollars of foreign investments entered Myanmar's sectors in first half of present fiscal year 2018-2019, according to the figures from the Directorate of Investment and Company Administration (DICA).
As of March 31 in FY 2018-19 which started in October 2018, a total of 139 foreign projects were permitted.
Transport and communication sector topped the list with over 680 million U.S. dollars, followed by manufacturing with over 601 million U.S. dollars.
During the period, Singapore was listed as largest investor with over 1.1 billion U.S. dollars investments, the figures said.
Regionally, Yangon region attracts 60 percent of investments from both home and abroad, followed by Mandalay with 30 percent and the rest flows into other regions and states.
Meanwhile, the total foreign trade reached 16.93 billion U.S. dollars while its sea trade amounted to 12.09 billion U.S. dollars from October 2018 to March 29 this year, according to the figures from the Commerce Ministry.
Related News
-
Myanmar’s Border Trade Reaches Nearly 5 bln USD in Mid FY 2018-19
AUTHOR: XINHUA Myanmar's trade with foreign countries through border gates reached over 4.83 billion U.S. dollars as of March 29 in fiscal year 2018-19, according to the figures from the Commerce Ministry Friday.
Read More01/05/2019 -
Myanmar Permits Over 100 Foreign Investments in 5 Months
AUTHOR: XINHUA Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in present fiscal year 2018-2019 which started in October last year, according to the Directorate of Investment and Company Administration.
Read More02/04/2019 -
Myanmar, Thailand Border Trade Hit 1.4 Bln USD in 1st Half of FY 2018-19
AUTHOR: XINHUA Border trade between Myanmar and Thailand totaled about 1.4 billion U.S. dollars in the first half of fiscal year (FY) 2018-2019 which started in October last year, according to the figures from Myanmar's Ministry of Commerce Saturday.
Read More19/03/2019 -
Myanmar, Vietnam Trade Reaches Nearly 200 mln USD in First Quarter Of FY 2018-19
AUTHOR: XINHUA Bilateral trade between Myanmar and Vietnam reached 196 million U.S. dollars as of December in the present fiscal year 2018-2019 which started in October last year, according to the figures from the Commerce Ministry on Saturday. During the first quarter of this FY 2018-2019, Myanmar's export to Vietnam hit 48.5 million U.S. dollars while its import shared 147.7 million U.S. dollars.
Read More28/02/2019