THE Yangon Region Investment Committee (YRIC) endorsed one domestic enterprise in the hotel and tourism sector, two domestic enterprises and two foreign enterprises in the manufacturing sector and one joint venture in the service sector, with an estimated capital of US$4.98 million and K9.56 billion, at the meeting held in the last week of December 2025.
Those enterprises will execute manufacturing and selling of construction material with 100 per cent local sales, manufacturing, grinding and marketing of rice (90.74 per cent export and 9.26 per cent local sales), production and exporting of value added farming products (100 per cent export), separating, sorting, packaging and export of various kinds of recycle metal scraps products (100 per cent export), assembling, manufacturing and distributing various types of fuel-powered two-wheel and three-wheel motorcycles using (SKD) system (100 per cent local sales) and hotel services, said an official of the YRIC.
Those businesses will create 415 jobs for locals. The committee members inspected general issues of 17 companies, including an increase in the labour force of one company (430 jobs). The regional investment committee has been endorsing investment projects in accordance with rules and regulations under the Myanmar Investment Law to spur investments and create more job opportunities. — ASH/KK
