FRIDAY, April 19, 2024
nationthailand

Thailand made up 90% of foreign investment in June

Thailand made up 90% of foreign investment in June

Almost 90 per cent of all foreign investment in Myanmar last month was made by Thai companies. Foreign companies from five countries invested US$423 million (Bt1.3 billion) in the country between May 31 and June 30 of this year, according to the Directora

The Dica said the investment last month was mostly made in production and hotel sectors by companies from Thailand, Singapore, Britain, China and India. 
The total investment from Thailand was $379 million (89.6 per cent), Singapore $23.6 million, Britain $15.8 million, China $4.1 million and India $9.6 million.
Last month, the Dica gave permission for 14 enterprises to invest in Myanmar under the Foreign Investment Law.
International firms have focused their investment in major sectors such as oil and gas, mining and electric power in previous fiscal years.
Total foreign investment from 32 countries in Myanmar was over $42 billion as of May 31. China remains the biggest investor in Myanmar with over $14.18 billion.
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