This month, inspection teams will submit a final report on 28 state-owned factories whose operations were suspended by Pyidaungsu Hluttaw due to the lack of profits

By the end of De­cember, inspection teams will submit a final report for inspec­tions that covered 28 state-owned factories whose operations were suspended by Pyidaungsu Hluttaw, Assembly of the Union, because they were not making any profit.

In September 2017, the Lower House Investment and Industrial Develop­ment Committee formed two teams comprised of officials from the Planning and Finance Ministry and the Ministry of Industry and representatives of the Union of Myanmar Federation of Chambers of Commerce and Indus­try (UMFCCI) including Member of Parliaments, and scholars to assess the profit and loss of the state-owned factories.

Initial reports of the ex­amination had been sub­mitted to the Pyidaungsu Hluttaw at the end of No­vember, the final report with findings and recom­mendations is planned to summit to the parliament by the end of December.

‘‘Today, we conducted inspections on a garment factory and a steel plant in Taungtha and My­ingyan. We will include recommendations in the final report, after our rec­ommendations and find­ings, the government will consider and make fur­ther decisions,’’ U Aung Min, Head of the Inspec­tion Team, and Member of Parliament from Zalon constituency, said.

24 state-owned facto­ries out of 28 were sus­pended by Pyidaungsu Hluttaw, and are now un­der the Ministry of Indus­try, 4 factories under the Ministry of Electricity and Energy.

A list of the state own factories comprised of 44 factories which needed immediate suspension, the list was then submit­ted to Pyidaungsu Hlut­taw; Pyidaungsu Hluttaw made the decision to tem­porarily suspend opera­tions of 28 state-owned factories and allow 16 fac­tories to continue opera­tions.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/final-report-be-submitted-state-owned-factories-inspection )

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