Myanmar has received over $2.5 billion in foreign direct investments during the first five months of the current fiscal year, from Oct 1 to Feb 13.
The Myanmar Investment Commission (MIC) permitted 12 new foreign-backed enterprises which worth more than $500 million on Feb 13. U Thant Zin Lwin, director general of the Directorate of Investments and Company Administration (DICA) said the country has received $500 million per month since the start of the fiscal year.
In 2018-2019 FY, FDI increased to $4.2 billion, from $3.3 billion in the previous year according to DICA.
Source: The Irrawaddy