Myanmar to privatize 90 pct of state-owned industries this year
The move is to be made in line with the coming change of government after the general election, Deputy Minister of Industry- 2 U Khin Maung Kyaw was quoted as saying.
In addition to the state-owned industries, other state-owned properties such as motor vehicles, enterprises, fuel-filling stations, buildings, land plots, recreation places, roads, bridges and ports are being privatized, said private companies.
According to the report, during 2010, 110 state-owned economic enterprises, 32 buildings, 246 fuel-filling stations, eight wharves along the Yangon Port and port areas have been sold under competitive bidding system.
During this year, other state-owned industries, economic enterprises and properties in regions and states will also follow suit, the report added
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