Myanmar-SMEs-Receive-Financial-Support-from-Japan-300x169

Japan ranks second-largest foreign investor in Myanmar

Following the UK moving up a rank with the largest investments made last month, Japan became the second-largest source of foreign direct investments into Myanmar in the past eight months (Oct-May) of the current financial year 2020-2021, according to data released by the Directorate of Investment and Company Administration (DICA). Last month, the UK-listed enterprise brought in large investments of $2.5 million and became the top source of FDI in Myanmar in the past eight months, DICA’s statistics indicated.

Japan stood as the second-largest investors this FY with an estimated capital of $518.76 million from three projects, followed by Singapore investing $428.336 million in Myanmar. Japan focuses more on responsible businesses. Therefore, it thoughtfully considers and learns before they make investments, DICA stated. Additionally, Thilawa Special Economic Zone is a symbol of development in Japan’s investments in Myanmar. Besides, Japan is a development partner of Myanmar.

Japan has been providing comprehensive support in developing the infrastructure including railway, road, and research in Myanmar through the Japan International Cooperation Agency. Since 2016-2017FY, the FDI of over $449.367 million has flowed into the Special Economic Zones (SEZs) from 15 Japanese businesses, under the Special Economic Zone Law. Japan’s investment in Myanmar stood at $768.456 million in the last FY2019-2020, $42.77 million in the 2018-2019FY, $134.5 million in the 2018 mini-budget period (April-September), $384 million in the 2017-2018FY, $60 million in the 2016-2017FY and $219.79 million in the2015-2016FY, respectively, the DICA’s data showed.

Source: The Global New Light of Myanmar

Tags: No tags

Leave A Comment

Your email address will not be published. Required fields are marked *