Rich in oil and gas, strategically located between China and India, Myanmar is both ground for competition and cooperation between the nations. Although official information is hard to come by, it is estimated that China, South Korea, Singapore and Thailand are Myanmar’s largest contributors of FDI. However as of the last fiscal year 2009-10, FDI into Myanmar fell almost 70 percent due to the economic crisis and the strengthening of sanctions against the Burmese military regime by the US and EU.
Did You Know?
In 2006 the capital of Myanmar was moved from Yangon (formerly Rangoon) to Nay Pyi Taw.