YRIC endorses K1.55B domestic project, 3 foreign projects worth US$3.7M

The Yangon Region Investment Committee (YRIC) gave the green light to one domestic enterprise owned by Myanmar citizens and three wholly foreign enterprises with an estimated capital of US$3.739 million and K1.55 billion at the meeting 5/2024 held on 27 May.
One domestic enterprise will pump investments into the hotel sector, while the three foreign enterprises will make investments in the manufacturing of bags, garments and bridal gowns on a cutting, making and packaging basis. They will create a total of 2,301 jobs.
At the meeting, nine companies also raised capital expansion and general matters. — NN/EM