Total citizen investments hit over 3.37tn kyat

Writer: 
Nilar
 
As of the first week of February this fiscal year, the total investments made by Myanmar citizens had reached over 3.372 trillion kyat, including 95 citizen investments totalling over 3.07 trillion kyat, according to the Myanmar Investment Commission.
 
The Commission gave the green light to three citizen investments and approved one business at a February 2 meeting of the Directorate of Investment and Company Administration in Yangon.
 
The MIC allowed 89.49 billion kyat, including over US$6.665 million (8.87 billion kyat) from six investments, including one each approved by the Yangon Region Investment Committee and the Ayeyarwady Region Investment Committee.
 
These businesses could create an estimated 863 new jobs for citizens. The six approved businesses are made up of one in the housing sector, one in the mining sector, two in the hotel and tourism sector, and two in other service sectors.
 
As of the first week of February this fiscal year, total foreign investments reached $5.4 billion (7.19 trillion kyat), according to the MIC.