Friday, June 10, 2011

Foreign investment soars to $20bn

By JOSEPH ALLCHIN
Published: 10 June 2011
Figures released by the Burmese government this week show that foreign direct investment in the country has soared in the past year to nearly $US20 billion, dwarfing those for the two decades prior.
It comes as little surprise that the vast majority of the investments, measured up to March this year, were from China, with the mainland ploughing in some $US8.27 billion and Hong Kong adding $US5.39 billion. Thailand follows with $US2.49 billion, according to Burma’s Ministry of National Planning and Development.

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