Oil, gas tops Myanmar’s foreign investment

Foreign Direct Investment in Myanmar’s oil and gas sector topped with 22.41 billion US dollars as of the end of April since late 1988, the official Global New Light of Myanmar reported yesterday, reports Xinhua.
The country’s oil and gas sector accounted for over 31 per cent of overall FDI, followed by the power sector with 20.5 billion US dollars, transportation and communication sector and manufacturing sector with 8.2 billion dollars each, real estate sector with 3.7 billion dollars, mining sector and hotel and tourism sector with 2.8 billion dollars each.
FDI also entered into livestock and fisheries, agriculture, industrial estate, construction and other services.
According to the figures of the Directorate of Investment and Company Administration (DICA), a total of 656 million US dollars flew into the country in April alone.
Nearly 1 billion US dollars of FDI entered into the country as of the third week of May during the current fiscal year.

Oil, gas tops Myanmars foreign investment

Foreign Direct Investment in Myanmars oil and gas sector topped with 22.41 billion US dollars as of the end of April since late 1988, the official Global New Light of Myanmar reported yesterday, reports Xinhua. The countrys oil and gas sector accounted for over 31 per cent of overall FDI, followed by the power sector with 20.5 billion US dollars, transportation and communication sector and manufacturing sector with 8.2 billion dollars each, real estate sector with 3.7 billion dollars, mining sector and hotel and tourism sector with 2.8 billion dollars each. FDI also entered into livestock and fisheries, agriculture, industrial estate, construction and other services. According to the figures of the Directorate of Investment and Company Administration (DICA), a total of 656 million US dollars flew into the country in April alone. Nearly 1 billion US dollars of FDI entered into the country as of the third week of May during the current fiscal year.