Mizzima.com, 6 Jul 2009, Solomon
New Delhi (mizzima) - Economic sanctions imposed by the West – United States and the European Union – notwithstanding, foreign investments in Burma, since 1988, accounts for a total of US dollar 15 billion.
The energy sector, which includes oil and gas, and hydroelectric power plants, is the single largest domain that attracted foreign investments, said an official of the Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
A report in a local journal in Rangoon, the Weekly Eleven states that Thailand is the leading investor in Burma with an estimated investment of USD 7.41 billion, followed by the United Kingdom which has invested USD 1.8 billion, despite imposing economic and financial sanctions against the ruling junta.
Singapore is in the third spot with an investment of USD 1.55 billion, followed by China in the fourth position with 1.33 billion U.S. dollars.
Read More
