FOREIGN direct investment in Myanmar reached US$656 million in April, with the majority of that investment going into the manufacturing sector, according to the monthly report of the Directorate of Investment and Company Administration (DICA) released last week.
By this time last year, no new FDI had come into Myanmar. Investments flowed into various Myanmar sectors in April, including: $3.809 million in agriculture, $4.177 million in livestock and fisheries, $504.401 million in manufacturing, $95 million in transport and communications, $41.447 million in real estate, more than $5 million in industrial estate and $2.112 million in other service sectors.
No investments were recorded in construction, hotel and tourism, oil and gas, mining and power in April.
The Myanmar Investment Commission approved $6.649 billion in investments last fiscal year, a decrease of $2.8 billion compared to FY2015-16.