. A sharp increase in approvals for manufacturing
indicated a welcome diversification from the past focus on energy and
mining. Investor optimism was also signaled by an almost 14-fold surge
11 in the number of new foreign company registrations in the
10 months to January 2013, albeit from a low base and partly reflecting
some domestic companies reclassified as foreign. New domestic company
registrations have climbed in the past 2 years (Figure 3.27.2).
Data in fiscal year (FY). 2012 data covers April 2012–
January 2013 only.
Source: Directorate of Investment and Company Administration ( http://www.dica.gov.mm/dica.htm )
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