One-listed Singapore enterprise brings in the capital of $275.7 mln into Myanmar during the past four months of the current mini-budget period (Oct 2021-Mar 2022), the Directorate of Investment and Company Administration’s data indicated. Singapore is the top source of FDI so far. China is placed as the second-largest investor of Myanmar with US$109.6 million from 16 enterprises. Those enterprises listed from India, the Republic of Korea, France, Hong Kong (SAR), Nepal, China (Taipei) and Seychelles also made investments this year.
Myanmar has drawn foreign direct investment of more than US$506.82 million from 32 enterprises during the October-January period, including expansion of capital by existing enterprises and investments in the Thilawa Special Economic Zone, DICA’s statistics indicated. Of them, 23 enterprises pumped FDI into the manufacturing sector. Agriculture, power, construction, hotels and tourism received each project, livestock and fisheries sector attracted two projects, and three enterprises made the investment in other service sectors. During the previous financial year 2020-2021, the 14 Singapore-listed enterprises brought in US$429.336 million into Myanmar last financial year 2020-2021, including the expansion of capital by the existing enterprises, the Directorate of Investment and Company Administration’s statistics showed.
Singapore companies mainly put investments into urban development, real estate, power and manufacturing sectors. Singapore stood as the largest foreign investor in Myanmar in the previous years, pulling in the FDI of $1.85 billion in the FY2019-2020, $2.4 billion in the FY2018-2019, $724.4 million in the mini-budget period (April-September, 2018), $2.16 billion in the 2017-2018FY, $3.8 billion in the 2016-2017FY, $4.25 billion in the2015-2016FY, $4.29 billion in the 2014-2015FY, $2.3 billion in the 2013-2014FY and $418 million in the 2012-2013FY respectively. Additionally, Singapore emerged as the second-largest foreign investor in the Thilawa Special Economic Zone, after the top investor Japan. The investors can inquire about the investment through the contact number of Myanmar Investment Commission (+95 92023821, and +951658132) located on Thitsar Road, Yankin Township or via the following email address (dica@mptmail.net.mm or dica.ip.mm@gmail.com).
Source: The Global New Light of Myanmar