ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Myanmar braces for 30% drop in foreign investment

Slump in oil, gas investment sparks push for policy reforms

YANGON -- Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other industries with deregulation and firm economic policy plans.

Myanmar received about $6 billion in foreign direct investment during the 11 months through February, an official at the Directorate of Investment and Company Administration told The Nikkei. An additional $1 billion or so is expected for March, the official said, bringing the annual total to around $7 billion for the first year-on-year drop since fiscal 2012.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more