Singapore emerges as largest FDI source in current fiscal

TWENTY-ONE Singapore-listed enterprises brought in capitals of US$1.6 billion into Myanmar between October and May in the current fiscal year, making Singapore the largest source of FDI in the country, as per data from the Directorate of Investment and Company Administration.

Singapore is followed by China, with estimated capital of $323.28 million in 82 projects.

During the last mi-ni-budget period (April-September, 2018), Singapore was the largest source of FDI, with investments of $724.4 million. Over the past eight months, a total of $2.49 billion, including capital for expansion, has flowed into the country, and 170 businesses from China, Hong Kong, Japan, Malaysia, the Republic of Korea, Singapore, Thailand, Viet Nam, China (Taipei), France, Switzerland, the Netherlands, the UK, Samoa, and Seychelles have entered Myanmar.

Singapore has also topped the list of countries with the larg-est FDI in the Thilawa Special Economic Zone, followed by Japan and Thailand.

GNLM(Translated by Ei Myat Mon)