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Myanmar’s FDI inflow down over 38 pct in Q1 of FY 2023-24

YANGON, July 5 (Xinhua) — Foreign direct investment (FDI) that flowed into Myanmar plunged over 38 percent year-on-year to more than 13.59 million U.S. dollars in the first quarter of the 2023-24 fiscal year, according to the Directorate of Investment and Company Administration (DICA) on Wednesday.

The Southeast Asian country attracted more than 21.99 million dollars in the same period of the previous FY 2022-2