November 01, 2016

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19 projects resulted in over 9,400 new jobs

Applicants look at job `offers displayed on a board of a garment factory in Hlinethaya, Yangon.
Applicants look at job `offers displayed on a board of a garment factory in Hlinethaya, Yangon.

A total of 9,412 job opportunities were created from enterprises approved by the Myanmar Investment Commission, it is learnt at a recent MIC meeting.
Among the new ventures were nine enterprises with foreign direct investment, seven with Myanmar citizen investment and three with joint venture investments, according to the Directorate of Investment and Company Administration.
The permitted enterprises are Ocean Muse Fisheries, Swel Hein Group Company, Golden Myanmar-Tai Company, Rui-Ning (Myanmar) Garment Company, Dongyi (Myanmar) Company, Uteli Garment (Myanmar) Company Limited, Myanmar Solamoda Garments Company (Factory-2), One of Front Company, Dishang Fashion (Myanmar) Company, Mahar Hpa An Production Company, United Precise Company, Huawei Technologies (Yangon) Company, KMA-Suzue Logistics Myanmar , Fiber link Myanmar Company, Convalt Energy (Myanmar) Company, Amazing Holidays Hotels and Resorts Company and Phwint Phyo Thit Company.
The enterprises are engaged in processing, drying, freezing, aluminium foil packing, packaging and marketing of aquatic products under normal system and contract processing system; manufacturing and marketing of high-quality sawn timber, doors, parquet and furniture; manufacturing and marketing of sugar and molasses; manufacturing of garments under the Cut, Make and Pack (CMP) system; manufacturing of all kinds and sizes of post bar, signboard frames on CMP Basis; providing Communication and Information Technologies-related services and equipment to licensed operators; providing consolidated logistics services with a container freight station (CFS) and warehouse; fiber infrastructure internet and telecommunication services; construction of two 150MW solar power plants for electricity generation, hotel services, construction and operation of an international golf club, hotels and service apartments in the form of B.O.T., Yedagun Taung private school and an international hospital.
MIC approved the investment businesses only after verifying investment proposals and regularly issuing notifications about sector-specific developments, plus evaluation of state revenue, domestic and foreign markets, local food consumption, technology sharing, innovation and environmental assessment in accordance with existing laws.

 

 

Ko Htet

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