Singapore tops Myanmar investment charts in Apr-Jan period

SINGAPORE is the top inves­tor in Myanmar during the April-January period of the current financial year 2024- 2025, with an estimated capital of US$446.65 million including the expansion of capitals by existing enterprises, the Di­rectorate of Investment and Company Administration’s sta­tistics showed.

 

Singapore-listed compa­nies put investments into ur­ban development, real estate, transport and communication, oil and gas, power and man­ufacturing sectors. Myanmar Investment Commission gave the green light to three Singa­pore-listed enterprises in the past ten months.

 

China stood as the second largest investor this FY with an estimated capital of over $83 million made by 30 newly ap­proved enterprises and existing ones. Thailand is ranked third in the line-up with more than $46 million from two new busi­nesses and the existing ones.

 

Myanmar Investment Commission greenlighted 52 foreign projects from 11 coun­tries — China, Chinese Taipei, Hong Kong SAR, India, Indo­nesia, Singapore, Thailand, Republic of Marshall Islands, the Russian Federation, Japan, and the UAE – to make invest­ments of over $656 million in the past ten months, including expansions of capital by exist­ing enterprises.

 

The oil and gas sector wit­nessed a capital expansion of $357 million. The manufactur­ing sector drew $148.6 million, the transport and communi­cation sector attracted $87.7 million and the services sector received over $51 million. The remaining FDI flowed into ag­riculture, livestock, fisheries and power respectively.

 

Singapore stood as the largest foreign investor in My­anmar in the previous years, pulling in the FDI of $345 mil­lion in the 2023-2024 FY, $1.158 billion in the 2022-2023 FY and $297 million in the 2021-2022 mi­ni-budget period (from October to March).

 

Moreover, Singapore is one of the leading foreign investors in the Thilawa Special Econom­ic Zone. — KK