Jan 23, 2018

FDI expected to hit $3 billion in six months

From April to September this year, the country’s inflow of foreign investments is expected to reach as much as US$3 billion (4.06 trillion kyat), said Than Aung Kyaw, deputy director-general of the Directorate of Investment and Companies Administration.
Myanmar’s fiscal year is now from April 1 to March 31. Next year it will change to October 1, 2018 to September 30, 2019.
Kyaw Win, Union Minister for Planning and Finance said: “With a view to increasing foreign
investments, the DICA drafted a long-term foreign direct investment (FDI) promotion plan with the assistance of the  Japan International Cooperation Agency. Under that plan, the total FDI is estimated to reach $140 billion. The long-term FDI promotion plan is currently under review.”
Aung Naing Oo, secretary of Myanmar Investment Commission said: “The FDI is expected an inflow into manufacturing, foodstuff, real estate and telecommunication sectors this year.”
Source: Eleven Weekly Media