Statistics from the Ministry of Investment and Foreign Economic Relations reveal that Singaporean investments in Myanmar rank highest between February 2023 and January 2024.
The report indicates that China holds the second position in Foreign Direct Investment in Myanmar, with US$236.264 million, following Singapore with US$346.407 million. Japan occupies the third position with US$99.353 million.
From February 2023 to January 2024, 77 businesses were permitted to expand their investments across eight sectors, amounting to US$774.084 million. Of these, US$374.525 million was allocated to the electricity sector, US$189.38 million to the industrial sector, and US$93.276 million to the service sector, as per the report.
During the same period, 74 Myanmar national businesses were given the green light to expand their investments across nine sectors, amounting to K1,295.254 billion. K876 billion was earmarked for the industrial sector, K169.843 billion for the electricity sector, and K117.05 billion for the livestock and fishery sector.
Source: The Global New Light of Myanmar