The Yangon Region Investment Committee (YRIC) endorsed nine foreign enterprises and one domestic business in the power and manufacturing sectors at the recent meeting held on 25 January 2023, creating 4,300 jobs for residents. They will execute solar power projects, milling and production of sunflower oil and peanut oil, refining and production of palm oil, printing and dyeing enterprises, manufacturing of electrical appliances and production of footwear on a Cutting, Making, and Packing (CMP) basis. Those five businesses will bring in an estimated capital of about K6 billion and over US$10 million. YIIC gave the go-ahead to four foreign projects with over 4,300 jobs.
Source: The Global New Light of Myanmar