Total Yangon investments hit $11 billion in five months

Yangon region investment committee holds a meeting. (Photo-DICA)
Yangon region has received over US$11 billion (14.65 trillion kyat) in total investments from August 2017 to January 24 of this year, including more than US$40 million in industry and services sectors, according to the Yangon region investment committee.  
Yangon region investment committee also gave the nod for three foreign investments and one from Myanmar in accordance with the Myanmar Investment Law, at their second meeting of 2018 at Yangon Region Government Office on January 24. 
The approved investments amounted to $4.86 million and 3 billion kyat, and is expected to create 2,035 jobs for locals.
From August 2017 to January 24 this year, the regional investment committee gave a green-light to 31 investments worth US$40.29 million and 11.72 billion kyat – 27 investors from Singapore, China, the Republic of Korea, Taiwan, Hong Kong, Japan and Malaysia and four local companies. The investments are expect to create 12,399 new jobs.
Applications for capital investments worth $5 million or 6.66 billion kyat have been submitted to the Directorate of Investment and Company Administration in Yankin Township.

Source From: Eleven