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