Three invested businesses approved to generate 744 jobs in industrial, agricultural sectors

The Myanmar Investment Commission approved three new investment projects that will create 744 local job opportunities in the industrial and agricultural sectors on 1 December. In the meeting held at the office of the Union Government in Nay Pyi Taw, the Myanmar Investment Commission approved investments amounting to US$0.180 million and more than K300 billion.

Till the end of October 2023, among 52 countries and regions that have invested in Myanmar, the largest investor countries are Singapore, China, and Thailand, respectively. Among 12 kinds of businesses in Myanmar, 28.49 per cent of the total investment flowed into the energy sector. The investments for oil and natural gas sector accounted for 24.44 per cent and the industrial sector, 14.39 per cent, respectively.

Source: The Global New Light of Myanmar

Myanmar earns US$ 90 million from rice export last month

Myanmar earned US$ 90 million from rice export in November which exceeded that of previous month, according to the data released from the Myanmar Rice Federation. Rice export earnings from respective volumes are US$ 63 million from 119,526 tonnes in October and US$ 90 million from 175,990 tonnes in November.

A total of 759,673 tonnes of rice were exported from April to November in this financial year, generating revenues of US$361 million. The Myanmar Rice Federation expects to export two million tonnes of rice in 2023-2024 financial year. A previous license requirement to pre-stock 100% of export rice has been reduced to 50%, according to the Myanmar Rice Federation.

Source: The Global New Light of Myanmar