Home MMBIZ News FDI Created over 90,000 Jobs in Myanmar Last FY

FDI Created over 90,000 Jobs in Myanmar Last FY

More than 90,000 jobs were created by foreign direct investment (FDI) projects in Myanmar during the fiscal ended March 31, state-run media reported.

The English daily New Light of Myanmar, which is widely regarded as a government mouthpiece, said total accumulated FDI from 26 investor countries as of the end of last fiscal was $36.161 billion.

China tops the list of investors with $14.159 billion, followed by Hong Kong with $6.407 billion and Singapore with $4.185 billion, the paper said.

The oil and gas sector attracted the most FDI with $13.630 billion, followed by electrical power with $13.254 billion and manufacturing with $ 2.785 billion, the paper added.

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