According to the Directorate of Investment and Company Administration, a total of 3,032 foreign companies and 70 joint ventures have established operations in Myanmar since the Foreign Investment Law (FIL) was introduced in 2012. Government approved foreign investment since the introduction of the FIL until the end of June 2014 was approximately US$46 billion. Foreign investment received for the same period was approximately US$36 billion. Investment in the energy sector represented approximately US$19.28 billion. Investment in oil and gas accounted for approximately US$14.37 billion. (Source: Eleven Weekly Media, 21 July 2014)Bagan Balloon

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