Xinhua, 18 Mar 2009
YANGON, March 18 (Xinhua) -- Myanmar's foreign investment rose sharply by 93.06 percent in 2008, reaching 974.996 million U.S. dollars compared with 2007, according to the latest figures released by the Central Statistical Organization.
According to local report, total foreign contracted investment in Myanmar has hit 15 billion U.S. dollars in 422 projects up to end of 2008 since Myanmar opened up to such investment in late 1988.
Of the 29 countries and regions investing in Myanmar, Thailand stood first with over 7 billion U.S. dollars, followed by Britain and Singapore with over 1 billion U.S. dollars each, the Union of Myanmar Federation of Chambers of Commerce and Industry was quoted as saying.
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