Apr 2, 2015

Singapore tops list of investors in Myanmar

Singapore tops the list of 27 foreign countries with investments in Myanmar for the 2014-15 fiscal year, according to Directorate of Investment and Companies Administration.

Between April and February, foreign investment amounted to US$7.8 billion and went into the oil and gas sector, energy, commodity production, transportation and communication, mineral extraction, tourism, real estate, agribusiness and fishing.

From the start of Myanmar’s economic reforms until February 2015, Singapore's accumulated investment reached $8.47 billion.
In the 2014-15 fiscal year, Singapore was followed by the UK ($850 million), Hong Kong ($619 million), and China ($516 million).

Source: Eleven Weekly Media