17 November

THE Myanmar Investment Com-mission  (MIC)  approved  eight  projects yesterday totalling US$ 165.853 million and Kyat 99,543.358 million,  which  will  create  1,739  job  opportunities  for  Myanmar  citizens.

The projects are in the man-ufacturing,  real  estate,  service,  livestock and fishery sectors. The decision to approve the projects came at the meeting of the MIC in Yangon yesterday, chaired by MIC  Chairman  U  Thaung  Tun  and attended by nine members.

By  the  end  of  October,  the  countries with the largest invest-ment  in  Myanmar  were  Singa-pore, People’s Republic of China and Thailand.

The top sector is Oil & Gas, which accounted for 27.29%, fol-lowed  by  the  Power  sector  at  25.77%, and manufacturing sector at  14.04%  of  the  total  permitted  foreign investment.—GNLM