State Counsellor worried the loss of both foreign and local investments if factories suspended for a long time

If the factories, which run with foreign direct investment, remained close for a long time, it can result in the loss of investment, Daw Aung San Suu Kyi, the State Counsellor of Myanmar, said in her address to the people explaining the situation of the pandemic in Myanmar.

“If the factories that run with foreign investment remain closed for a long time, we might not continue to get the investments. If we lose investments, it is not good for our economy and the lives of our workforce. Therefore, we want factories to resume as soon as possible,” she said. 

The Ministry of Health and Sports will allow the CMP factories as well as small and medium enterprises to resume the operation if they meet all the requirements of COVID-19 prevention and get an A-rating for preparedness. 

“To resume sooner, workers need to follow the rules. Both owners of the factories and workers are responsible for the prevention of the virus. We have announced the guidelines to follow in the factories. People will be safe if the rules are followed,” she added.  

There were incidents of being crowded during lunch or while waiting for the ferry to work when the factories, that get an A-rating for preparedness, reopened on October 12. 

(Myanmar Business Today: https://mmbiztoday.com/state-counsellor-worried-the-loss-of-investment-if-factories-suspended-for-a-long-time/ )

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