Latest News

Foreign Investment Creates 90,000 New Jobs in Burma: State Media

8 May 2014

More than 90,000 new jobs may have been created by new foreign direct investment (FDI) in Burma during the 2013-14 fiscal year, state media reports. A report in the New Light of Myanmar newspaper Thursday said Burma had “become the most interesting market among the neighboring countries” because it “has been on the right track towards democratic transition.” “Job opportunities could be created for over 90,000 workers in the country during 2013-2014 FY, thanks to large foreign investment,” the report quoted an official in the government’s investment directorate as saying. FDI reportedly doubled to more than US$3.6 billion in the last fiscal year.