The Myanmar Investment Commission (MIC) held its third coordination meeting yesterday with the attendance of General Mya Tun Oo, State Administration Council Member, Deputy Prime Minister, and Chairman of the Commission.

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

The overall investments amounted to US$35.778 million and K30,206.920 million, thus creating 971 job opportunities.

The approved projects included the production of solar and related materials, electrification, instant food production, CMP garments, and iron and steel-based material production.

Out of 53 countries that put investments in Myanmar until the end of April 2025, Singapore, China and Thailand are the most prominent investors in the country.

Among the 12 business sectors, they invest in energy, with 28.34 per cent of total investment, while 24.69 per cent is in oil and natural gas, and 14.49 per cent is in the manufacturing 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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