Myanmar absorbs 3.56 bln USD of foreign investment in 3 months

Myanmar absorbed 3.56 billion U.S. dollars of foreign investment in the three months from November 2010 to January 2011, bringing the total to 35.406 billion dollars as of January this year since the country opened to such investment in late 1988, the Popular News reported Wednesday.


The 3.5 billion USD include 3.18 billion USD from China, 186 million USD from Singapore, 183 million USD from South Korea and 3 million USD from China's Hong Kong, the Ministry of National Planning and Economic Development was quoted as saying.


Of the total foreign investment injected in over two decades, China's investment has now topped with 9.603 billion USD, overtaking Thailand which once stood 9.568 billion USD in the foreign investment line-up previously.


The Chinese investment was raised by its increased involvement in building of deep seaport, hydropower plants, exploration of natural gas and exploitation of mineral resources and transport.


The foreign investment coming from 433 enterprises of 31 countries and region were respectively injected into 12 economic sectors which are oil and gas, electric power, manufacturing, real estate, hotels and tourism, mining, transport and communications, livestock breeding and fisheries, industry, construction, agriculture and services sector.
(Source:http://news.xinhuanet.com)