Myanmar drew 662.25 million U.S. dollars' contracted foreign investment
in the first seven months of 2012, the latest figures of the Central
Statistical Organization show.
Of the total, 366.59 million dollars was injected into the sector of oil
and gas, 193.77 million dollars into electric power, 72.33 million
dollars into manufacturing and 19.89 million dollars into mining during
the period from January to July.
China took the lead with 195.52 million dollars, followed by the United
Kingdom with 138.59 million dollars, India with 84.5 million dollars,
China's Hong Kong with 63 million dollars, Malaysia with 53.82 million
dollars and Singapore with 48.21 million dollars.
Myanmar's actual existing foreign investment stood at 31.068 billion
dollars from as of September, 10.018 billion dollars less than the
permitted investment as of July, according to the Directorate of
Investment and Companies Registration.
Myanmar promulgated a new foreign investment law late Friday. The New
Foreign Investment Law, which replaced the over-two-decade- long 1988
similar law, is believed to open up much more opportunities for foreign
investors to the resource-rich Southeast Asian nation.
Source: Xihua
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