Knowledge

COVID-19 to reduce workers’ injuries; The Myanmar Times The Myanmar Investment Commission (MIC) has approved seven Myanmar Citizens Investment Plans in excess of Kyat 133 billion in four business sectors.

COVID-19 to reduce workers’ injuries; The Myanmar Investment Commission (MIC) is allowing businesses to create job opportunities. Industry The Myanmar Investment Commission (MIC) has approved seven new Myanmar investment projects worth over 133 billion kyats in four sectors including the hotel sector.

The Myanmar Investment Commission was approved on April 5, 2010 at the Myanmar Investment Commission. The four investment projects proposed by the Myanmar Investment Commission are: Sagaing Region Investment Committee; One approved by the Chin Investment Committee and one approved by the Ayeyarwady Region Investment Committee.

Myanmar has allowed two companies to invest in the industry, including two Myanmar companies. There are two businesses in the housing / construction sector; Two are allowed in the hotel sector and two in the other sector.

The authorized investment of seven Myanmar nationals amounted to K133,611 billion.

The seven Myanmar-approved investment projects will create more than 300 job opportunities for domestic workers.

The Myanmar Citizens Investment / Approval approvals from October 1, 2017 to April 3, 2013 are up to 69 investment projects with a total investment value of more than K1200 billion.

Real Estate Sector, Real Estate Sector Manufacturing; Transport and communications; Hotels and Tourism Real estate Industry Energy Sector Livestock and Fisheries; Mining; Myanmar is a major player in the 11 sectors of business, such as agriculture and other sectors.

As a result, Myanmar has allowed 1676 investment assets, with a total value of US $ 10,563 billion, with a value of KR 10,523,720 billion.

Myanmar Investment Promotion Project has been implemented for five years (2016-2017 to 2020-2021); Medium term (2021-2022 to 20-25-2026); The 10-year period (2026-2027 to 2035-2036) will be implemented.

The investment target calculated based on the base case of the Myanmar Investment Project is $ 5.8 billion annually over the short period of 2016-2017 to 2020-2021. The short term five years, from 2021-2022 to 2025-2026 fiscal year, is $ 8.5 billion annually; From 2026-2027 to 2030-2031 fiscal year, $ 12.3 billion annually; It is estimated to reach $ 17.6 billion annually from 2031-2031 to 2035-2036 fiscal year.