Myanmar's investment momentum in the current financial year is likely to continue "undiminished" for the short to medium-term, Colliers International says. 

According to figures from the Directorate of Investment and Company Administration (DICA), asset funds of over 4.10 billion United States dollars from authorized foreign enterprises have entered Myanmar in eight months of the current financial year (FY) 2019-2020 starting in October.

The Myanmar Investment Commission (MIC) has also so far given the go-ahead for 178 foreign asset enterprises across the same period.

At a glance: 

• The Directorate of Investment and Company Administration (DICA), asset funds of over 4.10 billion United States dollars from authorized foreign enterprises have entered Myanmar in eight months of the current financial year.
• Colliers International believes foreign investment in Myanmar will exceed last year's USD4.15 billion mark even before the end of the year.
• The firm attributes the uptick to both the supply chain disruption in China and, as a result, the growing manufacturer sentiment to shift their production lines to South East Asia.

While the pandemic has put a dampener on global economic forecasts, Colliers expects total foreign investment to continue flowing for Myanmar towards the end of 2020, and exceed the last year USD4.15 billion mark even before the end of the year.

Assistant Research Manager Hpone Myint Thu said the optimistic outlook could be attributed to both the supply chain disruption in China and, as a result, the growing manufacturer sentiment to shift their production lines to South East Asia.

"The investments from East Asia especially Hong Kong, Singapore and Japan have also propped up the overall investment momentum and it is likely to continue to be the case in the short to medium term," he said.
 
"It may be a sheer coincidence that the investment data came just a few days after the World Bank unveiled growth forecasts, yet both served in concert and heralded a solid as well as positive prospect for Myanmar.

"This pandemic outbreak may have a long way to run, but now is the time for stakeholders to get their act together."

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