THE fourth meeting of the Myanmar Investment Commission (MIC) was held yesterday afternoon in Nay Pyi Taw. Union Minister U Mya Tun Oo, who is also chairman of the commission, and members of the commission attended the meeting.
The meeting approved one new foreign investment from the capital increase of ongoing investments and 11 new local investment projects in the industry, hotel, tourism, transport and communication sectors. The investment amount of these businesses is US$47.605 million and K299,773.639 million, which can create 4,879 job opportunities.
These businesses included the oil extraction, hotel and shopping centre, port service, animal feed production, cotton cultivation, refined oil production, sheep and goat farming, biscuit production and distribution, bread and bakery production and distribution, pharmaceutical manufacturing and distribution, motorcycle inner tube manufacturing, wig manufacturing and distribution, aluminium production and distribution, and garment manufacturing businesses.
As of the end of April 2026, among the 53 foreign countries, Singapore, China, and Thailand are the leading countries with the largest foreign investments in the country. Of 12 sectors, the electricity sector accounts for 28.29 per cent by drawing the most significant investments, followed by the oil and natural gas sector at 24.61 per cent and the manufacturing sector at 14.68 per cent.
The Myanmar Investment Commission oversees and approves investment project proposals from locals and overseas, and provides services to the existing investors under the Myanmar Investment Law.
MNA/ KTZH
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