DICA: first quarter investment at $2.4bn

YANGON — Myanmar attracted US$2.4 billion in foreign direct investment in the three months since the start of the fiscal year on April 1, show figures from the Directorate of Investment and Company Administration.

It said the Myanmar Investment Commission had approved 46 projects by domestic and foreign firms during the quarter, in such sectors as manufacturing, construction, real estate and hospitality, state media reported.

The FDI target this year is $6 billion, said the state-run Global New Light of Myanmar.

It quoted observers as saying it may be difficult to achieve the target because of a likely lull in foreign investment ahead of the November 8 general election.

Support more independent journalism like this. Sign up to be a Frontier member.

Share on facebook
Share on twitter
Share on email

More stories

Latest Issue

Stories in this issue
Myanmar enters 2021 with more friends than foes
The early delivery of vaccines is one of the many boons of the country’s geopolitics, but to really take advantage, Myanmar must bury the legacy of its isolationist past.
Will the Kayin BGF go quietly?
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.

Stay on top of Myanmar current affairs with our Daily Briefing and Media Monitor newsletters

Our fortnightly magazine is available in print, digital, or a combination beginning at $80 a year

Sign up for our Frontier Fridays newsletter. It’s a free weekly round-up featuring the most important events shaping Myanmar