No slowdown in foreign investment, says MIC secretary
The task of securing US$6 billion in foreign direct investment (FDI) during an election year initially seemed daunting, according to Myanmar Investment Commission secretary U Aung Naing Oo.
Yet the anticipated slowdown in investment has not materialised. Instead, over the past few months his Yankin office has been filled with “guests” seeking investment advice or approval.
The figures go some way to proving it. The MIC has approved 127 projects this year, 10 more than in the same period last year.
