YANGON: The Myanmar Investment Commission (MIC) approved 30 foreign investment projects, totaling US$223 million in the first half of the current fiscal year 2024-25, the state-run newspaper of The Global New Light of Myanmar reported on Friday (Oct 11).
The media report, citing the Directorate of Investment and Company Administration (DICA), said that the transport and communications sector attracted US$87.7 million in foreign direct investment (FDI) followed by the manufacturing sector with US$81.225 million, and the services sector with US$44 million dollars.
The power sector brought in US$8.5 million, while the agriculture sector received less than US$1 million during this period, it added.
Singapore was the leading investor in Myanmar with US$87.74 million in the first half of the fiscal year, followed by Thailand and China, it said. - Xinhua
