Singapore-registered enterprises brought in large investments nearly $300 million into the country in the past mini-budget period (October 2021- March 2022). They included the expansion of capital by the existing enterprises, the Directorate of Investment and Company Administration’s statistics showed. Singapore companies mainly invest in urban development, real estate, power and manufacturing sectors.
China stood as the second-largest investor this period, with an estimated capital of $142 million from three projects. Hong Kong SAR is ranked third in the investment line-up with more than $109 million.
Those enterprises from China (Taipei), India, Singapore, the Republic of Korea, Seychelles, Nepal and France also made investments in six months.
DICA’s statistics indicated that the Myanmar Investment Commission gave the green light to 49 foreign projects, with an estimated capital of $647 million in the past mini-budget period. Those enterprises are to execute in agriculture, livestock and fishery, manufacturing, power, energy, hotel and tourism, and other service sectors.
Fourteen Singapore-registered enterprises brought in $429 million into Myanmar last financial year 2020/21. Additionally, after Japan, Singapore emerged as the second-largest foreign investor in the Thilawa Special Economic Zone.
