Singapore stands first on FDI list

Singapore has led the list of foreign investments with over 20.6 billion USD, which account 26% of the total foreign investments, according to Directorate of Investment and Company Administration (DICA). From 1988-89 to 2018-19 fiscal year, the total foreign investments hit nearly 79 billion USD. After Tatmadaw-led government invited foreign investments, 49 countries have made investments in Myanmar and China was a top investor at that time. In the time of U Thein Sein administration, the inflow of FDI into the country was the highest and Singapore has led the list of FDI. However, the direct investments from western countries are still limited. There was over 4.6 billion FDI in 2011-12 FY, over 1.4 billion USD in 2012-13 FY, over 4.1 billion USD in 2013-14 FY, over 8 billion USD in 2014-15 FY and over 9.5 billion USD in 2015-16 FY. From October 1 to February 4 in 2018-19 FY, the total FDI reached 1,598.768 million USD. Singapore stands first with over 20.6 billion USD (26 per cent of the total FDI), China, second with over 20.3 billion USD (25 per cent FDI), Thailand, third with over 11.1 billion USD (over 14 per cent), Hong Kong, fourth with over 7.9 billion USD (over 10 per cent) and the UK, fifth with over 4.5 billion USD (over five per cent), according to the DICA.