IN January, Bago Region approved an investment of US$5.651 million to increase foreign investment, creating job opportunities for 1,000 local workers, according to the Bago Region Government.
This investment increase in foreign investment within the region was approved during the Bago Region Investment Committee’s 1/2025 Meeting. The approval allowed Cobes Industries (BII) Company Limited to expand its production to include 23 types of surgical and healthcare-related equipment.
Additionally, during the same meeting, other decisions were made in line with laws and procedures. These included changes in shares and amendments to the import item codes for foreign-invested companies.
Between 1 February 2021 and 11 January 2025, the total investment in Bago Region from both foreign and domestic investors reached $209.022 million, creating 13,091 job opportunities.
The Bago Region Investment Committee continues to approve new domestic and foreign investment projects every month in compliance with laws and regulations to create additional employment opportunities in the region. — ASH/KNN