Burma Sees Foreign Investment Topping $5b in 2014-15

Burma has revised its forecast for foreign direct investment (FDI) to more than US$5 billion for the fiscal year that began in April, a senior official said on Tuesday, surpassing earlier expectations and led by new ventures in energy and telecoms.

The figure exceeds an earlier estimate of $4 billion, with investments in the first five months of this fiscal year worth $3.32 billion, said Aung Naing Oo, secretary of the government-run Myanmar Investment Commission (MIC)"...