Sign up | Log in



Home  >>   Daily News  >>   Myanmar News  >>Investment  >> Myanmar sees US$3.8 billion in FDI in first 8 months of 2014 fiscal year
NEW UPDATES Asean Affairs 15 December 2014  

Myanmar sees US$3.8 billion in FDI in first 8 months of 2014 fiscal year

Foreign direct investment in Myanmar stands at US$3.8 billion [K3,800 billion] for the first eight months of the 2014-15 fiscal year provided by 108 companies from 19 countries, according to the Directorate of Investment and Companies Administration.

Singapore topped the list of countries, followed by companies from Hong Kong, according to a recent announcement by DICA.

Twenty-eight Singaporean companies invested a total of more than $2.148 billion in the first eight months of the 2014-2015 fiscal year. Myanmar’s fiscal year runs April to March. Singapore investments in Myanmar account for about one-third of the total foreign investments in Myanmar.

U Aung Naing Oo, director general of DICA, said that the reason the amount of Singapore investment in Myanmar is large is partly because the United States and some European countries have invested in Myanmar indirectly through Singapore.          

“Most of the US investments have indirectly entered into Myanmar through Singapore. The investments of some other countries entered into Myanmar indirectly through Singapore, too. That’s why the amount of Singapore’s investments in Myanmar is huge. It is partly because there are still some US economic sanctions,” he told media on December 2.  

During the first eight months of the 2014-2015 fiscal year from April 1 to November 30 this year, 94 manufacturing firms invested a total of more than $1.101 billion, the sector topping the list. A total of 17 oil and gas firms invested more than $800 million.         

Five foreign firms invested $354 million in the hotel sector, five foreign real estate firms invested $623 million, an electrical firm invested $40 million and other foreign firms invested $172 million in another eight sectors.

China stands as the third largest investor in Myanmar, with 18 firms investing US$228 million. South Korea is fourth with firms investing US$128 million.

The list of the countries includes Singapore, Hong Kong, China, South Korea, Thailand, UK, Malaysia, Netherlands, India, Japan, Canada, Malaysia, Philippines, UAE, Luxemburg, Brunei, Germany, Norway, Samoa and Sri Lanka.  

Since 1988, a total of 828 companies from 32 countries have invested US$50.608 billion in Myanmar, according to DICA.

According to a recent Reuters report, Myanmar’s total FDI stood at $4.11 billion during the fiscal year 2013-14, up sharply from $1.42 billion a year earlier.

This compares with $329.6 million in 2009-2010, the year before President U Thein Sein’s government took office and embarked on reforms.--mizzima

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            December 15, 2014 Subsribe Now !
• Myanmar sees US$3.8 billion in FDI in first 8 months of 2014 fiscal year Subcribe: Asean Affairs Global Magazine
• Govt to issue Rp 7.1 trillion project-based ‘sukuk’
• SingTel mobile, fixed broadband access difficulties draw customers' ire
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Viet Nam wants to further friendship with India
• Viet Nam moves to step up regional trade
Asean Analysis                    December  15, 2014

• Asean Analysis December 15, 2014
Two years on, Laos activist still missing
Advertise Your Brand

Asean Stock Watch    December  12,  2014
• Asean Stock Watch-December 12 , 2014
The Biweekly Update
• The Biweekly Update  November 28, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand