Myanmar's actual existing foreign investment less than permitted: Local media
Myanmar's actual existing foreign investment less than permitted: Local media
Myanmar's actual existing foreign investment registered 31.068 billion U.S. dollars as of September this year, 10.018 billion dollars less than the permitted investment as of July, local media quoted the Directorate of Investment and Companies Registration as reporting Sunday.
The up-date actual foreign investment in 232 projects came from 22 countries and regions, while the previously registered contracted investment in 485 projects came from 32 countries and regions, a reduction of 253 investment projects and 10 investing countries and regions, said the Flower News.
The reduction of the investment projects included that of 36 with Thailand, 35 with Singapore, 32 with Britain, 27 with Malaysia, 19 with China, 17 with China's Hong Kong, 13 each with Australia and Canada and 10 with Japan, the sources said, adding that there were 10 countries out of the previous 32 injecting no investment in Myanmar. They are the United States, Denmark, Switzerland and Bangladesh.
The fall of the investment was also partly due to the fact that some foreign investment projects expired with its designated operating period, while some were halted for various reasons, the sources said.
The disclosure of the actual investment figures show the country's transparency and dignity at a time when the international is interested in making investment in Myanmar, Vice- Chairman of the Myanmar Chambers of Commerce and Industry Dr. Maung Maung Lay was quoted as commenting.
Despite the fall of investment amount and reduction of investment projects, China, China's Hong Kong, South Korea, Thailand and Britain continued to stand as the leading foreign investors in Myanmar as of September this year, according to the report.
xinhua
