THE Yangon Region Investment Committee (YRIC) endorsed four foreign enterprises, one joint venture and three domestic enterprises, with an estimated capital of US$7.09 million and K9.46 billion, at the meeting held on 27 August.
One domestic enterprise will put investments in the hotel and tourism sector, and the other two domestic enterprises will invest in the manufacturing sector. Four foreign enterprises and one joint venture will execute rice processing and exporting, and the apparel manufacturing on a Cut, Make and Pack basis. They are to create over 5,000 jobs for locals.
Yangon Region Chief Minister U Soe Thein and committee members discussed capital expansion matters and an increase in employment. — NN/ KK
