ZCZC
BCN-29
MYANMAR-INVESTMENT-FORUM
Myanmar to hold investment forum to boost western state development in 2019
YANGON, Dec. 21 (Xinhua) — Myanmar has planned to hold a regional
investment forum for Chin State in March next year to seek investment to the
less-developed state.
According to the official Global New Light of Myanmar Friday, the Chin
State Investment Forum 2019 will take place at the Myanmar Convention Center
(MCC) in Yangon on Mar. 16.
The forum aims to attract more local and foreign investments in the region
as well as to introduce local products from Chin State to the investors at
the event.
In the 2017-2018 fiscal year, Chin State did not see any local or foreign
investment.
The country has changed its fiscal year period from original April-March to
October-September beginning 2018-2019, producing a six-month transitional
gap.
Figures show that only 833.42 million kyats (528,183 U.S. dollars)
investment entered Chin State’s hotel industry during the six-month mini-
budget or transitional period from April to September this year.
Hydropower production, hotels and tourism industry, small and medium-sized
enterprises and urban development are the potential sectors for large
investments in Chin State, the report said.
BSS/XINHUA/HR/1430