Malaysian firms are planning to in- crease investment in Myanmar, especially in the hotel and tourism sector, among others, official media has reported.
Malaysian investment in the country mainly flows into sectors such as oil and gas, hotels and tourism and livestock breeding. Investment in Myanmar amounted to 1.65 billion US dollars as of March this year, ranking seventh in Myanmar’s foreign in- vestment line-up since the country opened to such investment in late 1988, said the Myanmar Alinn Daily.
According to official statistics, Myan- mar-Malaysia bilateral trade amounted to 283 million U.S. dollars in the first three months of 2014, of which Myanmar’s export to Malaysia represented around 46 million US dollars while its import from Malaysia stood at around 236 million US dollars.
Myanmar’s main exports to Malay- sia include rubber, vegetables and seafood while mainly imports from Malaysia palm oil, crude oil products, chemical products as well as machineries and accessories.
