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April 01, 2020

MIC’s performances in first two months of 2020

The Myanmar Investment Commission (MIC) is permitting local and foreign investments in accordance with the Myanmar Investment Law.
The MIC permitted a total of US$925.684 million worth of foreign investments including increased investments in January 2020, and $545.859 million of foreign investments including increased investments in February.
The following are foreign investments permitted during January and February 2020:

Sr Sector January February
No. of investment Capital

US$ (million)

No. of investment Capital

US$ (million)

1. Transportation and communication sector 145.000*
2. Industrial sector 27 94.369 21 179.487
3. Electricity sector 3 487.685
4. Housing and building construction sector 2 161.860*
5. Hotel and tourism sector 27.140* 1 1.066
6. Animal husbandry and fishery sector 1 8.950
7. Other service sector 1 0.500 4 5.486
8. Oil and Gas sector 352.820*
9 Industrial zone construction sector 7.000*
Total 34 925.684 26 545.859

* Increased investments were included in the total amount.
The MIC permitted a total of K109, 822.947 million worth of local investments including increased investments in January 2020, and K 100,461.071 million worth of local investments including increased investments in February 2020.
The following are local investments permitted during January and February:

Sr Sector January February
No. of  investment Capital Kyat (million) No. of investment Capital Kyat (million)
1. Housing and building construction sector 1 4,120.000
2. Industrial sector 4 21,989.890* 6 35,741.624*
3. Hotels and tourism sector 5 62194.757 2 47,985.000
4. Mining sector 1 800.000
5. Electricity sector 1 580.000
6. Other service sector 3 21,518.300* 4 10,134.447
Total        13 109,822.947 14 100,461.071

* Increased investments were included in the total amount.
The following are the jobs created in January and February 2020 by the foreign investments:

Sr Sector Number of jobs created for local workers
January February
1. Animal husbandry and fisheries sector 57
2. Industrial sector 15,819* 20,429*
3. Electricity sector 327               –
4. Hotel and tourism sector   24
5. Construction Sector 930
6. Housing and building sector 569
7. Other service sector            10 365
Total 17712      20,818

* Increased number of employees was included in the total number.
The following are the jobs created in January and February 2020 by the local investments:

Sr Sector Number of jobs created for local workers
January February
1. Electricity sector 55
2. Mining sector 55
3. Industrial sector 453 1,256
4. Hotel and tourism sector 963 279
5. Housing and building construction sector 70
6. Other service sector 364 211
Total 1,850 1,856

MNA
(Translated by Kyaw Zin Tun)

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