Myanmar Investment Commission (MIC) recently permitted five local and foreign investment enterprises, Xinhua reported.

Local enterprises with 7.83 billion kyats (5.2 million U.S. dollars) investments and foreign enterprises with a capital of 93.2 million U.S. dollars were approved on Wednesday at the commission's meeting led by MIC Chairman U Thaung Tun, who is also union minister of Investment and Foreign Economic Relations.

The permitted investments entered the country's manufacturing, construction and other services sectors, creating over 530 local employment opportunities.