Foreign direct investment (FDI) that flowed into Myanmar plunged over 38 per cent year-on-year to more than US$13.59 million in the first quarter of the 2023-24 fiscal year, according to the Directorate of Investment and Company Administration (DICA) on Wednesday (July 5).
The country attracted more than $21.99 million in the same period of the previous FY 2022-23, the DICA’s figures showed.
Foreign investors who made investments in Myanmar during the three-month period included China, India, South Korea, Samoa, Singapore and the United States, the DICA’s figures showed.
Myanmar attracted more than $1.64 billion dollars in foreign direct investment in the 2022-23 fiscal year. Singapore, China and Thailand were the largest investors in the country during the period, official figures showed.
Source : The Star