The Myanmar Investment Commission (MIC) held its first coordination meeting yesterday, with the attendance of Union Minister U Mya Tun Oo, Chairman of the Commission.

MIC greenlit four new foreign investments in industry and service sectors, including the capital expansion of certain existing businesses, and 16 new Myanmar citizens’ investments.

The overall investments amounted to US$62.911 million and K2,120,436.652 million, thus creating 3,382 job opportunities.

The approved projects included the production and assembly of EVs, hotel and tourism, construction, oil and natural gas, livestock breeding, education, food production and garments.

Out of 53 countries that have invested in Myanmar until the end of December 2025, Singapore, China and Thailand are the most prominent investors in the country.

Among the 12 business sectors, they invest in energy, with 28.29 per cent of total investment, while 24.64 per cent is in oil and natural gas, and 14.65 per cent is in the industrial sector.

MIC reviews the investment proposals of local and foreign investors to permit and offer services to the current investors under the Myanmar Investment Law.

MNA/KTZH   

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