YRIC nods four foreign enterprises with capitals of K9.15 bln, US$0.704 mln

The Yangon Region Investment Committee (YRIC) endorsed four enterprises with an estimated capital of US$0.704 million and K9.15 billion at the recent meeting 2/2024 held on 21 February. They are two enterprises wholly invested by Myanmar citizens in the hotel service sector and one domestic enterprise and one joint venture in the manufacturing sector. Those businesses will execute hotel service, manufacturing of building materials for domestic distribution only, rice milling and exportation. They are set to create 94 jobs for residents.
At the meeting, eight companies also raised capital expansion and general matters. — TWA/KK