According to Secretary of the Bago Region Government U Aye Maung Kyi, the region approved a new foreign business investment of US$1.1 million in May 2024 during the Bago Region Investment Committee meeting 3/2024, creating employment for a total of 893 individuals.

From February 2021 to May 2024, a total of 12,490 job opportunities were created in Bago Region through Foreign Direct Investments (FDIs) worth $200.115 million and Myanmar citizens’ investments amounting to K81,111.011 million.

U Aye Maung Kyi stated, “Both local and foreign investments are warmly welcomed in Bago Region, and relevant departments are providing necessary assistance for long-term investments. We invite labour-intensive CMP businesses. Bago Region is committed to promoting environmentally friendly investments, creating job opportunities for locals, developing human resources, enhancing production, services, and trading based on agriculture and livestock, and raising local businesses to international standards.”

The report indicates an increase in both the amount of investment in existing businesses and new investment businesses, as well as an increase in the labour force during this period. The Bago Region Investment Committee approves new Myanmar and foreign investment businesses monthly in accordance with laws, rules, and regulations to create new job opportunities within the region.

ASH/ TMT

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