Final Report to be Submitted of State Owned Factories Inspection
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.