Myanmar to privatise 11 SoEs

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YANGON, June 23 (Xinhua): Eleven Myanmar's state-owned foodstuff factories, rice mills and bran oil mills will be privatised, said the government's Privatization Commission today.
Three foodstuff factories of the Myanmar foodstuff enterprise under the ministry of industry-1 and five rice mills and three bran oil mills of the Myanmar agricultural produce trading under the ministry of commerce will be privatised through competitive bidding system, the commission said.
Invitations of application for the auction are being extended to individuals and organisations with the date set for July 25 alone, it added.
A total of 215 state-owned enterprises (SOE) out of 288 proposed from 10 ministries have been privatised in Myanmar as of January this year since the country began implementation of a plan of privatisation in 1995, sources with the ministry of national planning and economic development said in April.
Myanmar has since January 1995 been implementing the privatisation plan for its SOE including those nationalised in the 1960s in a bid to systematically turn them into more effective enterprises.