Myanmar to privatize 36 more state-owned economic enterprises
1/12/2008 16:02
Myanmar will privatize 36 more state- owned economic enterprises (SEEs)
from four government ministries under a sealed tender system for continuous
running as part of its privatization program, the official local-language
newspaper Myanmar Alin reported today.
The 36 SEEs, which are from the
Ministry of Industry-1, Ministry of Commerce, Ministry of Livestock Breeding and
Fisheries, and Ministry of Cooperatives, are mostly located in Yangon and
Mandalay, a tender invitation of the government's Privatization Commission was
quoted as saying.
The categories of the 34 SEEs of the two prior ministries
to be privatized include ice factory, soft-drink factory, gas plant, match
factory, blanket factory, packing paper factory, leather factory, rubber glove
factory, paint factory, rice mill and bran oil factory, while the latter two
ministries are to sell out two of its office buildings in Yangon and Mawlamyine
respectively, the report said.
The tender will be closed on Jan. 15, 2009,
the report added.
Myanmar has been privatizing more and more state-owned
enterprises for effective operation since 13 years ago.
According to a
compiled statistics, a total of 254 state-owned enterprises out of 288 proposed
from 10 ministries have been privatized in Myanmar as of the year-end since the
country began implementation of a plan of privatization in 1995.
The
privatization plan covering those enterprises nationalized in the 1960s was
introduced in a bid to systematically turn them into more effective enterprises,
according to the commission.
The plan is carried out by auctioning and
leasing or establishing joint ventures with local and foreign investors. These
enterprises covered by the plan also include textile factories, saw mills,
cinemas and hotels.
In June 2007, the government formed another committee for
auctioning some state-owned buildings remained in the former capital of Yangon
after the administration was moved to the new capital of Nay Pyi Taw in
2005.
Xinhua
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