Mon 15 Oct 2012
Filed under: Business / Trade,International,News
Burma’s actual existing foreign investment has decreased compared to the previous period.
Official statistics said the country registered US$ 31.068 billion as of September this year.
That was $10.018 billion less than the permitted investment as of July, local media quoted the Directorate of Investment and Companies Registration on Sunday.
The actual foreign investment to date is in 232 projects from 22 countries and regions.
The previously registered contracted investment in 485 projects came from 32 countries and regions, a reduction of 253 investment projects and 10 investing countries and regions, said a story in Flower News.
The reduction of the investment projects included 36 l3ww with Thailand, 35 l3ww with Singapore, 32 l3ww with Britain, 27 l3ww with Malaysia, 19 less with China, 17 less with China’s Hong Kong, 13 each less with Australia and Canada and 10 less with Japan, the sources told the newspaper.
Ten countries out of the previous 32 injected no investment in Burma. They were the United States, Denmark, Switzerland and Bangladesh.
The fall in investments was also partly due to the fact that some foreign investment projects expired with its designated operating period, while some were halted for various reasons, the sources said.
Despite the total fall of investment and reduction of investment projects, China, China’s Hong Kong, South Korea, Thailand and Britain continued to stand as the leading foreign investors as of September this year, according to the report.