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Myanmar Sees Foreign Investment Topping $5 Billion in 2014-15

Myanmar has revised its forecast for foreign direct investment (FDI) to more than $5 billion for the fiscal year that began in April, a senior official said on Tuesday. This surpasses earlier expectations and is the result of 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...

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