Myanmar privatising more state-owned enterprises
December 24, 2007 00:00:00
YANGON, Dec 23 (Xinhua): Myanmar is privatising more state-owned enterprises for effective operation, putting 17 more such enterprises under two Myanmar ministries for auction.
According to the government's privatisation commission yesterday, the 17 enterprises of the ministry of livestock breeding and fisheries and the ministry of commerce's agricultural produce trading to be sold out through competitive bidding include one ice factory, 10 rice mills and six bran oil mills respectively located in the country's Yangon, Ayeyawaddy and Bago divisions.
Invitation of applications for the auction is being extended to individuals and organisations with a deadline date set for Jan. 17,2008, the commission said.
As of November this year, the commission has announced privatisation of 22 state-owned enterprises under the two same ministries. These enterprises included similar factories and foodstuff factories respectively situated in the country's Western Rakhine state, Bago and Yangon divisions.