MIC greenlights three industrial, agri investments

Myanmar Investment Commission approved three new investments in the industrial and agricultural sectors at the meeting 5/2023 in Nay Pyi Taw yesterday.
Their combined investment capital is US$0.18 million and K313 billion, and they are expected to create 744 jobs. Agricultural businesses, a priority of the MIC, were also included at yesterday’s meeting.
Among 52 regions and countries invested in Myanmar, Singapore, China, and Thailand are the most prominent investors as of October.
Energy dominates investment among 12 sectors, commanding 28.49 per cent of total investment capital, followed by oil and gas (24.44 per cent) and industry (14.39 per cent).
State Administration Council member Deputy Prime Minister MIC Chairman General Mya Tun Oo and commission members attended the meeting.
MIC is tasked with scrutinizing and permitting investment proposals and supporting existing investors in line with the Investment Law. — MNA/NT