Myanmar permits 43 foreign investment enterprises in Yangon region in FY 2018-19

YANGON, Jan. 10 (Xinhua) -- Myanmar's Yangon Region Investment Committee (YRIC) has permitted a total of 43 foreign enterprises with 56.2 million U.S. dollars' investments as of Jan. 9 in present fiscal year 2018-19 which started in October, the official Global New Light of Myanmar reported on Thursday.

Foreign investments mostly entered Yangon region's manufacturing sector covering pharmaceuticals, vehicle, container boxes and garment production on Cutting, Making and Packing (CMP) basis.

From Oct. 1 to Jan. 9, the region also attracted 10 billion kyats (6.57 million U.S. dollars) from six domestic projects and over 23,250 job opportunities were created by both permitted foreign and local enterprises during the period.

Regionally, Yangon region attracts 60 percent of both local and foreign investments, followed by Mandalay with 30 percent and the rest flows into other regions and states.