Organised by the Yangon Region Investment Committee (YRIC) and the Directorate of Investment and Company Administration (DICA), YIF 2018 was designed to showcase Yangon as a leading investment destination in Asia. Yangon Region chief minister Phyo Min Thein, told reporters that he was delighted with the response, saying, “Yangon is the economic epicentre of Myanmar and the potential for growth is tremendous. The chief minister unveiled priorities in industry, trade & logistics, transportation and sustainable urban development. From the 1988-1989 to 2016-2017 fiscal years, 64,517 businesses were registered in Myanmar, 69 per cent of then in Yangon, according to the Myanmar Investment Commission. Over the same period, 845 foreign investment enterprises were established with a total of US$20.28 billion in investment, while and from FY 1994-1995 to 2017-2018, 585 Myanmar enterprises were set up involving kyat 6990.22 billion in investment.

Source: The Nation Bangkok May 17, 2018 03:11 UTC