YANGON - Foreign investment in Myanmar is set to triple in the current fiscal year ending March 30, with 50% going into manufacturing, media reports said on Saturday.
Foreign direct investment between through Feb 28 amounted to more than 3.6 billion United States dollars, compared with 1.4 billion thie previous fiscal year, The New Light of Myanmar reported.
Aung Naing Oo, chief of the Directorate of Investment and Companies Administration, said half of the investment this year went into the manufacturing sector and 20% in telecommunications.
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