Industrial policy

Page 1

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jynfaxmifpk0efBuD; umuG,fa&;0efBuD;Xme

(q) 'kwd,AdkvfcsKyfBuD;&Jatmif

jynfaxmifpk0efBuD; e,fpyfa&;&m0efBuD;Xme

( Z ) OD;ausmfwifhaqG

jynfaxmifpk0efBuD; EdkifiHawmftwdkifyifcH½Hk;0efBuD;Xme

(ps) a'gufwmazjrifh

jynfaxmifpk0efBuD; jyefMum;a&;0efBuD;Xme

(n) ol&OD;atmifudk

jynfaxmifpk0efBuD; omoema&;ESifh,Ofaus;rI0efBuD;Xme

( # ) a'gufwmatmifol

jynfaxmifpk0efBuD; pdkufysKd;a&;? arG;jrLa&;ESifhqnfajrmif; 0efBuD;Xme jynfaxmifpk0efBuD; ydkYaqmifa&;ESifhqufoG,fa&;0efBuD;Xme

( X ) OD;oefYpifarmif

1223


1224

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{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

( ! ) OD;tkef;0if;

jynfaxmifpk0efBuD; o,HZmwESifh obm0ywf0ef;usif xdef;odrf;a&;0efBuD;Xme

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jynfaxmifpk0efBuD; vQyfppfESifhpGrf;tif0efBuD;Xme

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jynfaxmifpk0efBuD; tvkyform;? vl0ifrIBuD;Muyfa&;ESifh jynfolYtiftm;0efBuD;Xme

(w) OD;cifarmifcsKd

jynfaxmifpk0efBuD; pufrI0efBuD;Xme

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jynfaxmifpk0efBuD; pD;yGm;a&;ESifhul;oef;a&mif;0,fa&; 0efBuD;Xme

( ' ) a'gufwmrsKd;odrf;BuD;

jynfaxmifpk0efBuD; ynma&;0efBuD;Xme

( " ) a'gufwmjrifhaxG;

jynfaxmifpk0efBuD; usef;rma&;ESifhtm;upm;0efBuD;Xme

( e ) OD;ausmf0if;

jynfaxmifpk0efBuD; pDrHudef;ESifhb@ma&;0efBuD;Xme

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jynfaxmifpk0efBuD; aqmufvkyfa&;0efBuD;Xme

( z ) a'gufwm0if;jrwfat;

jynfaxmifpk0efBuD; vlrI0efxrf;? u,fq,fa&;ESifh jyefvnfae&mcsxm;a&;0efBuD;Xme

( A ) OD;tkef;armif

jynfaxmifpk0efBuD; [dkw,fESifhc&D;oGm;vma&;0efBuD;Xme

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jynfaxmifpk0efBuD; wdkif;&if;om;vlrsKd;rsm;a&;&m0efBuD;Xme

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« tydkif; 1

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tydkif; 1 »

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{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

jynfaxmifpkor®wjrefrmEdkifiHawmf

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EdkifiHawmfor®w½Hk; trdefYtrSwf 44^2016 1378 ckESpf? uqkefvjynfhausmf 5 &uf ( 2016 ckESpf? arv 26 &uf )

'k w d , 0ef B uD ; cef Y t yf w m0ef a y;jcif ; jynfaxmifpkor®wjrefrmEdkifiHawmf? zGJUpnf;yHktajccHOya' yk'fr 234? yk'frcGJ (u)? (C)ESifh jynfaxmifpktpdk;&tzGJUOya' yk'fr 16? yk'frcGJ (c)? yk'frcGJi,f(9) wdkYyg jy|mef;csufrsm;t& OD;armifarmif0if;udk pDru H ed ;f ESib hf @ma&;0efBu;D Xme 'kw, d 0efBu;D tjzpf ceft Y yfwm0efay;vdu k o f nf/ (yHk) xifausmf EdkifiHawmfor®w jynfaxmifpkor®wjrefrmEdkifiHawmf jynfaxmifpkor®wjrefrmEdkifiHawmf

EdkifiHawmfor®w½Hk; trdefYtrSwf 45^2016 1378 ckESpf? uqkefvjynfhausmf 10 &uf ( 2016 ckESpf? arv 31 &uf )

yJ c l ; wd k i f ; a'oBuD ; w&m;vT w f a wmf w&m;ol B uD ; wm0ef r S tem;,l c G i f h j yKjcif ; jynfaxmifpkor®wjrefrmEdkifiHawmf? zGJUpnf;yHktajccHOya' yk'fr 312 ESifh jynfaxmifpk w&m;pD&ifa&;Oya' yk'rf 49 wdyYk g jy|mef;csurf sm;t& yJc;l wdik ;f a'oBu;D w&m;vTwaf wmf w&m;olBu;D OD;Munfodef;tm; 2016 ckESpf? rwfv 27 &ufrSpí wm0efrS tem;,lcGifhjyKvdkufonf/ (yHk) xifausmf EdkifiHawmfor®w jynfaxmifpkor®wjrefrmEdkifiHawmf

1225


1226

jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

« tydkif; 1

jynfaxmifpkor®wjrefrmEdkifiHawmf

jynfaxmifpktpdk;&tzGJU trdefYaMumfjimpmtrSwf 27^2016 1378 ckESpf? uqkefvjynfhausmf 3 &uf ( 2016 ckESpf? arv 24 &uf )

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tydkif; 1 »

jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

« ,ciftywf pufrI0efBuD;Xme pufrIvkyfief;rl0g'rStquf »

aemufqufwGJ(u)

jy|mef ; xm;aom puf r I v k y f i ef ; qd k i f & m quf p yf a eaom Oya'rsm; 1/ bGdKifvmOya' (2015) 2/ &efukefNrdKUawmfvQyfppf"mwftm;ay;a&;tzGJU Oya' 3/ vQyfppfOya' (2014) 4/ vlrIzlvHka&;Oya' (2012) 5/ 1951 ckESpf? tvkyf½Hkrsm; tufOya' 6/ 1951 ckESpf? a&eHajr (tvkyform;ESifh oufomacsmifcsda&;) Oya' 7/ ywf0ef;usifxdef;odrf;a&;Oya' (2012) 8/ "mwkypönf;ESifh qufpyfypönf;rsm;tEÅ&m,frS wm;qD;umuG,fa&;Oya' (2013) 9/ jrefrmEdkifiH&if;ESD;jr§KyfESHrIaumfr&Sif trdefYaMumfjimpm (1^2013) 10/ tvkyftudkifESifh uRrf;usifrIzGHUNzdK;wdk;wufa&;Oya' (2013) 11/ jrefrmEdkifiHom;rsm;&if;ESD;jr§KyfESHrIOya' (2013) 12/ EdkifiHjcm;&if;ESD;jr§KyfESHrIOya' (2012) 13/ pHcsdefpHñTef; owfrSwfjcif;qdkif&m Oya' (28^2008) 14/ Transfer of Immovable Property Restriction Law (1987) 15/ Company Act 16/ The Myanmar Special Economic Zone Law (2014) 17/ Employment Restriction Act (1959) 18/ Employment Statistics Act (1948) 19/ Labour Organization Law (2011) 20/ Leave and Holidays Act (1951) 21/ Payment of Wages Act (1936) 22/ Shops and Establishments Act (1951) 23/ Workmen's Compensation Act (1923) 24/ Minimum Wages Law (2013) 25/ Settlement of Labour Dispute Law (2012) 26/ Foreign Exchange Management Law (2012) 27/ Competition Law (2015)

1227


1228

jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

« tydkif; 1

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3/

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4/

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5/

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6/

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7/

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tydkif; 1 »

jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

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{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

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9/

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10/

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11/

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12/

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13/

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aemufqufwGJ(*) qufpyfaqmif&Gufonfh rl0g'rsm; 1/ 2/ 3/ 4/ 5/ 6/ 7/

Monetary Policy Fiscal Policy Human Resource Policy Science & Technology Policy Trade Policy

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References 1. 2.

Enforcement Ordinance for New Industrial cities, Japan 1962 Enforcement Rule for Machinery Industry Promotion , Japan

3.

Industrial Enterprise Act, Nepal 1992

4.

The Singapore model of Industrial Policy 2005

5.

Feasibility Study Report on SEZ in Mawlamyine and Hpa An, March 2006

6.

Small and Medium Enterprise Development Policy, Malaysia 2009

7. 8. 9.

tao;pm;ESifh tvwfpm; pufrIvkyfief;rsm; zGHUNzdK;wdk;wufa&;ay:vpD 2011 'DZifbmv Industrial Policy, Nepal 2011

EdkifiHjcm;&if;ESD;jr§KyfESHrIOya' 2012 10. jrefrmEdkifiHom;rsm; &if;ESD;jr§KyfESHrIOya' 2013 11. trsKd;om;bufpHkzGHUNzdK;wdk;wufrIpDrHudef; (NCDP) f ef;rsm; zGUH NzKd ;wd;k wufa&; vkyif ef;aumfrwD (1^2013) 12. tao;pm;ESihf tvwfpm; pD;yGm;a&;vkyi tpnf;ta0;wGif 'kwd,or®w\ rdefYMum;csuf 13. tao;pm;ESifh tvwfpm; pD;yGm;a&;vkyfief;rsm; zGHUNzdK;wdk;wufa&;rl0g' 2016 14. tao;pm;ESifh tvwfpm; pD;yGm;a&;vkyfief;rsm; zGHUNzdK;wdk;wufa&;Oya' 2015 15. FNF ynm&Sif tBua H y;ygarmu© Dr. P. D Kaushik \ jrefrmEdik if H pufrv I yk if ef;rl0g'qdik &f m tBuHjyKjyifqifjznfhpGufcsufrsm; The Government of the Republic of the Union of Myanmar Ministry of Industry (February, 2016) Industrial Policy Chapter I Preamble 1.

Myanmar is the fortieth biggest country and the twenty-fourth densest population country

in the world. It is formed seven Regions, seven States and one Union territory. Myanmar is located in the strategic point to be spanned the ASEAN region and East-Asia region according to geography. Because of connecting with the border of Bangladesh, China, India, Laos, Thailand which have 40% of the world population, Myanmar has a wide market, great strength of workers, sea ports, sea coastal which are created the deep sea ports and domestic navigation are the basic qualities of Myanmar. 2.

Myanmar is the country which is cooperated with the ASEAN Economic Community

and more cooperated with regional countries. Myanmar tries to reach from the agricultural country to the industrial country because of increasing challenges on domestic industries. 3.

The more improvement of contribution of industrial sector in the Gross Domestic Pro-

duct (GDP) shall be aimed. It is aimed and implemented to improve 7% to 9% yearly the rate

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of the Myanmar GDP improvement, the development of the industrial sector of the country will improve 5% to 6% for a year in 2030. 4. The industrial sector business of the State has over 45,000 industries (large, medium, small) and over 19,000 cottage industries according to the official registered lists. By encouraging the said industries, the industrial sector of the State to be developed will support one way or another. 5. Myanmar has the plentiful of natural resources such as land and water resources. The export of natural gas within the lately years stood on as a sector to be more supported the State economic sector. Because of Myanmar cannot perform the long term economic development only the natural resources, the production and services based on the industrial sector to be developed shall be encouraged. The following main areas based on the industrial sector to be developed concurrently shall be encouraged: (a)

electricity power;

(b)

petroleum and natural gas; (oil and gas)

(c)

manufacturing;

(d)

mining;

(e)

hotel and tourism;

(f)

livestock and fisheries;

(g)

transport and communication;

(h)

industrial zone.

Chapter II Vision, Missions and Strategies of the State 6. The basic principles of the State mentioned in the Constitution of the Republic of the Union of Myanmar (2008) aim to establish as the democratic country which is practiced genuine, disciplined multi-party democratic system. The fundamental desire of the public is to live peacefully and to improve the socio-economic. Thus, the vision of the State is laid down ''to establish the peaceful and modern developed new democratic nation" for providing the State stability and peace, improvement of the public socio-economic. 7. In accomplishing the vision of the State, the transformed strategic plans are being performed for accomplishing the following missions in 2020: (a) To restore enternal peace and all round improvement through country; (b) To graduate from the Least Developed Countries (LDCs); (c) To become a middle-class-income country. 8. In implementing the vision and missions of the State, the out dated procedures are needed to transform the new condition of politics, economics and social in line with the new modern system. The Union Government laid down the following four reform strategies: (a) Political reform; (b) Economic and social reform;


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(c) Administrative reform; (d) Reforming for Private Sector Development. Four Economic Policies of the State 9.

In implementing the strategies reform of the State, it is laid down the framework for

economic and social reforms-FESR for the economic and social reform. Moreover, 20 years National Comprehensive Development Plan-NCDP also formulate with domestic and abroad experts and the following four economic policies of the State are also laid down for the development of the State economics: (a) Sustaining agriculture development towards industrialization and all round development; (b) Balanced and proportionate development among States and Regions; (c) Inclusive growth for entire population; (d) To be accurate statistics and statistical system.

Chapter III Vision, Missions and Plans of Industrial Policy Vision 10. If consideration the economic development events of the world, it is found that the development of industrial sector is the core of economic development. The industries may produce and supply various kinds of accessory related to food, clothes and living which are the basic needs of citizens, necessary parts of machine, spare parts for factories and improving the industries of export, import-substitute products and the new employment opportunities may also be created. Therefore, the establishment of modern industrial country is laid down in the four economic policies of the State. 11. Thus, the State will be established as the modern industrial country for establishing a new modern developed nation and improving the socio-economic of the public in accordance with the vision of the State "to establish a new peaceful and modern developed democratic nation". The vision of industrial policy is "to establish a new modern industrial nation". Missions 12.

The following missions shall be implemented: (a) To utilize modernized and advanced techniques of agriculture as the base and to simultaneously continue the task for the establishment of Heavy Industries to set up an Industrialized Nation; (b) To accelerate the Nation's Economy by making unremitting efforts for the development of Micro, Small and Medium Enterprises (SMEs);

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(c) To create job opportunities and improve the GDP per Capital Income by encouraging the development of Human Resources; (d) To reduce the level of poverty by producing value-added product in rural areas; (e) To create sustainable industrial development by adopting effective utilization of natural resources and raw materials; (f) To increase the involvement of the industrial sector (energy, mining, manufacturing and processing, power and construction) to GDP from 33% (2013-2014) to 37 % (2030-2031) by the fiscal year of 2030-2031. Plans 13. The following plans shall be implemented under the missions of the industrial sector development: (a)

Development of the Micro, Small and Medium Enterprises;

(b)

Improvement of the export-oriented industries;

(c)

Advancement of labour intensive industries, getting a job, training and seeking employment for youths who learned not completely and left middle or high school;

(d)

Implementation of heavy industries and technical intensive industries by attracting local and foreign investment;

(e)

Creation of a suitable environment for supporting financial assistance to the local industrial enterprise;

(f)

Preserving of State-Owned industries in accordance with the needs of the Nation;

(g)

Inviting the local and international investors to perform joint cooperation tasks on potential State-Owned Enterprises toward the development of private industrial sector (PPP);

(h)

Strengthening clusters development and industrial cooperative firms forward productivity improvements;

(i)

Development of the wholesale markets and Merchandise to enter into supply chain;

(j)

Fostering the financial services through Public-Private Working Groups;

(k)

Upgrading the existing industrial zones and provision of infrastructure development.

The Facts to be Considered Mainly in Optioning the Location to be performed the Industries 14. In optioning the industrial area, the areas which have the following strong points shall be considered and optioned for emerging the successful industries: (a)

being places which is easy to contribute to the market;

(b)

being places which is easy to transport the raw material and finished product (port, airport);


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(c)

being places which obtain the raw material, water, fuel energy and labour strength adequately;

(d)

being places which save the transport fee;

(e)

being places which are the central point of industrial development; It is based on Yangon and Mandalay which are the two main growth poles of the State shall be optioned as the central point areas: (i)

Yangon, Bago and Related Areas The related areas including the said areas are optioned as potential areas to be developed in harmony due to near from sea way and the infrastructures have been developed;

(ii) Mandalay, Sagaing and Related Areas Those are optioned for locating closely with economic corridors and locating the centre which are the communicated speedly to the upper and lower Myanmar and coastal area and locating closely the ASEAN highways. Optioning the Basic Industries According to the Region or State 15.

The Region and State Governments shall consider on manufacturing, servicing and other

possible industries which are based on the development of geography, population and infrastructure of the Region or State and encourage based on the result of benefit. State/Region

Main Sectors

Main Sectors

(2012-2013)

(2030)

Ayeyarwaddy

Agriculture

Agriculture and service

Bago

Agriculture

Industry

Chin

Agriculture

Agriculture

Kachin

Service

Industry and Service

Kayah

Agriculture

Service

Kayin

Service and Agriculture

Service

Magwe

Agriculture

Agriculture and Industry

Mandalay

Service

Development Centre

Mon

Service and Agriculture

Service

Rakhine

Service and Agriculture

Agriculture and Industry

Sagaing

Agriculture

Agriculture and Industry

Shan

Agriculture

Agriculture and Service

Tanintharyi

Industry

Industry and Service

Yangon

Development Centre

Development Centre

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16. Establishment of Rural Industries The mechanized agriculture, agricultural product industries shall be encouraged specially for reducing of poverty and improving the Gross Domestic Product (GDP) as follows: (a) encouraging the small entrepreneurs to obtain technology and assist money for enabling to produce agriculture value-added product;

17.

(b)

transforming to the industrial system by supporting the modern agricultural technology and modern machineries;

(c)

servicing by supporting the technical consultants to the industrial areas;

(d)

coordinating to obtain the electric power and energy in the rural areas;

(e)

encouraging to obtain the loans;

(f)

upgrading the education, health, social and transport in the rural areas;

(g)

arranging to obtain the job opportunities of the gender equally in industries.

The rural industries of the Region or State shall be encouraged and cared after formu-

lating the projects according to the region, collecting the list of potential area product, developing the services within supply chain, cold storage yard and places to be performed trade shall be arranged as may be necessary.

Chapter IV Current Situations and Opportunities of Myanmar Industrial Sector Situation of Changing the Economic Form According to Sector in the Myanmar Gross Domestic Product (GDP) 18.

In specifying the Myanmar Gross Domestic Product (GDP), it is stated by three sectors

such as agricultural sector (agriculture, flesh and fish, forest), industrial sector (energy, mining, manufacturing and processing, power and construction), service sector (transportation, communications, financial, social, rent and tourism and trade). In 1990-91, the proportion of agricultural sector is 57.3% and the industrial sector is 10.5% because Myanmar is a country which is based on agriculture. 19.

The industrial sector has been improved 33% in 2013-14 year for aiming to reform the

economic development of the State to the industrial sector development. It shall aim to improve 35% in 2014-15, 35.4% in 2015-16 and 37% in 2030-31. By accomplishing the vision and objectives of the industrial policy, the Myanmar industries enable to contact the global product net work through the local product net work and will develop. It will assist a lot for upgrading the proportion of participation of the industrial sector in the State Gross Domestic Product (GDP).


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Development of the Proportion of Participation of Industrial Sector in GDP

Plans to be Considered for Facilitating in Operating the Investment 20. Myanmar is need to reform for the following facts. It is reached 167 out of 189 for 2015 lists according to the report of the World Bank Organization, 2016 according to the specification doing business easily in operating business within Myanmar: Current Issues and Major Issues in Industrial Sector

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The Current Issues and Major Issues in Industrial Sector are as follows: (a)

Current Issues In Industrial Sector (i)

high price of raw material and production cost;

(ii) poor quality and innovation and outdated production technology; (iii) no penetration into foreign market; (iv) lack of capital for effective investment; (v) inadequate electricity and energy supply; (vi) poor utilization of energy efficiently; (vii) inadequate transportation; (viii) insufficient skilled labours; (ix) not harmonizing some laws, rules and procedures at present situations; (x) increasing disputes between employees and employers; (xi) high price of land for industrial purposes.

(b)

Major Issues (i)

not entering into the supply chain;

(ii) inadequate research; (iii) weakness in strategic skilled for market penetration; (iv) low production of agricultural product and value-added product; (v) under developed infrastructure; (vi) weakness in human resources development; (vii) poor assessment of laws, rules and procedures.

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Strong Points and Weak Points of Some Industry Products 22. The following strong points and weak points are found according to the product in the domestic manufacturing sector: Type of Industry

Strong Points

Weak Points

Garment (knit lace, coat, Availability of labour force communication, high trasport with low cost, being a mem- expense, electricity, infrastrucshirt, jacket, pant) ber of ASEAN ture, Rules and Regulations Processed goods (juice, Availability of raw materials various kind of snack, instant noodle, tea)

weakness of supporting raw material consecutively, plenty of workers and Ineffectiveness, disqualification of international market standard in packing system, weakness of GMP, weakness of technology, communication, high transport expense, electricity, infrastructure, Rules and Regulations

Plastic products (PP bags High demand of promoting agricultural product, High doand PP weaved bags) mestic demand of PP waved bags

having the Limitation of foreign market, fluctuation price of importing raw materials, Quality and Price Competitiveness of imports, infrastructure and Rules and Regulations

Export of fishery/prawns Availability of water resources; infrastructure, quality of electri(frozen foodstuffs & pro- fish & prawns, Availability of city, modern boat/ship, livestock labour force with low cost technology, adequate managecessed production) ment of market-oriented prawns Electrical devices (electric Unskilled labour with low cost. communication, high trasport A few competitor in local, cost, electricity, weakness in incables, battery) potential exports to borders frastructure of industrial zone, Rules and Regulations Auto Parts (motor bike, Potential business to be im- communication, high transport and car)

proved, more developed cost, electricity, infrastructure, transport than before

skilled workers, enter into international market

Slipper (shoe and sandal)

Abundant of unskilled labour with low cost, simplified manufacturing system, potential to export of Japan under GSP

limitation of foreign market, Fluctuation Price of importing raw materials, Quality and Price Competitiveness of imports, infrastructure and Rules and Regulations, market penetration to the European market, China, India

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Opportunities in Myanmar 23. As for Myanmar Industry Sector, besides being located in strategic place under market economy, being interested by international investors, having strengths to establish modern factories for new production sectors, the following opportunities for global integration can also be used effectively. (a)

Economic Corridors for Global Integration: Industries shall be connected and carried out according to the Region and State depending on the following economic corridors for Global Integration. In doing so, participation of rural areas, acquisition of large market, cooperation and relevant consequences are the benefits for enabling to expand local and international goods, reciprocally. (1) North-South Economic Corridor (Thilawa-Bago-Nay Pyi Taw- MeiktilaMandalay-Myitkyina): The communication backbone of the State is specified as North-South corridor. North-South economic corridor passes through five places. They are Yangon Region, Bago Region, Mandalay Region, Sagaing Region and Kachin State and it supports 55% of GDP. In this corridor, economic parks which may render the strengths for railway express, warehouse and investment will be included. It connects the two main growth poles of the State economic (Yangon and Mandalay). The widespread economics and technology may strengthen (5) places of development web-Bago, Taungoo, Nay Pyi Taw, Meiktila and Myitkyina. The economic buildings which represents 48% of State population and which are located in the area are Thilawa special economic zone, 24 industrial zones and 7 sub-industrial zones. (2) East-West Economic Corridor (Tamu-Kalay-Monywa-Meiktila-TaunggyiKyaing Tong-Mongla (Tachileik): The East-West Economic corridor connects to Thailand, Laos and Northeast Manipura province of India through Shan State, Mandalay Region, Magwe Region and Chin State. The economic corridor is connected with 7 potential development areas (Kyaing Tone, Loilem, Taunggyi, Meiktila, Pakokku, Monywa and Kalay) by passing through southern part of Mandalay and it may connect to Mongla and China, Tachileik and Thailand, and Tamu and India. The important of this economic corridor is that it can be used as a medium area in international trade. 32% of population resides in the area and it supports 28% of GDP. Competitive industries in this corridor are industry of foodstuffs, beverages, value-added forest products and construction tools and industries which may be sustainable development are mining, industrial raw materials and tourism. Kyaing Tong is suitable place to establish industry zone and it may bring benefits from China and Thailand.


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(3) Northeast-Southwest Economic Corridor (Kyaukphyu-Magwe-MeiktilaMandalay-Pyin Oo Lwin-Lashio-Muse) There is natural gas pipe-line connected to Kyaukphyu and China. This economic corridor is connected with potential areas-Magwe-Meiktila-Pyin Oo Lwin-Lashio-Muse including Kyaukphyu special economic zone. It is connected with Hunan, China by passing through (4) Regions/States which could support 30% of GDP in 2012-2013 fiscal year. There are two areas which are important for economic zones located in border area and where different ethnic groups lives in include, and it is surrounded by 37% of population. Muse is an economic zone where enterprises manufactured cigarette, soap and fertilizer are established. Lashio is a region covered with industry of cement, mining and foodstuffs. Pyin Oo Lwin is a place where domestic telecommunication and electronic products are produced and technology services and production are developing rapidly. Magwe is a core for industrial products including inland oil production and iron industry. Moreover, supports for oil crops production, peanut oil, domestic agro-industry products are also existed in Magwe Region. Kyaukphyu is an entrance to inland for offshore gas (Shwe Gas Project). (4) Economic Corridor from Yangon to Myawaddy (Thilawa-Bago-Hpa AnMyawaddy) This economic corridor is connected to Thailand by passing through Yangon, Bago and Kayin state. This economic corridor contributed 36% to the State’s GDP in 2012-2013 fiscal year and is a strategic and important trade and commerce route. Most of the imports from Thailand come into Myanmar through Myawaddy and Mae Sot border. This corridor is very important for short-term development and the extension of labourbased production industry together with the establishment of special economic zone in Mae Sot, Thailand. Development will spread to Yangon and Bago Regions through border. It will solve the urban poverty faced in Yangon area where 30.1% of the State’s population resides. It is connected to the central point of the State development (Yangon). Thilawa Special Economic Zone and Border Economic Zone (Myawaddy) by providing port service and also connected to three potential growth hubs-Bago, Thahton and Hpapun. (b)

International Deep Sea Ports: Construction of International deep sea ports is encouraged and industries need to be placed closely. (1) Kyaukphyu Deep Sea Port, Rakhine which will establish Special Economic Zone where cargo ships from Europe, Africa and West-Asia may dock; (2) Similarly, Pathein Deep Sea Port, Ngayokekaung Township, Ayeyarwaddy Region where cargo ship from Europe, Africa and West-Asia may dock; (3) Dawei Deep Sea Port, Tanintharyi Region which is important in the DaweiBangkok -Vientiane and Da Nang Economic Zone and where Special Economic Zone will be established;

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(4) Similarly, Yay Deep Sea Port (Kalakook Island) Mon State through which international goods may be exported to Mawlamyine, Myawaddy, Mae Sot and Thailand; (5) Thilawa Port Yangon Region where Special Economic Zone is being established near Yangon, Economic city. Acquisition of Electricity 24.

Myanmar has tremendous energy resources such as hydro-power and natural gas. The

potential generation of hydro-power from rivers and streams is over 100,000 MW and it is estimated that there are 11.8 trillion cube feet of gas treasures. The distribution of electricity in Myanmar increases from 16% in 2006 to 26% in 2011. The Ministry of Electric Power takes measures to install and generate up to 22,720 MW from 2012-2013 fiscal year to 2030-2031 fiscal year. Generation Plan to fulfill the Demand from year 2016-17 to 2030-31 (MW) Demand Forecasting

Project Term

From Yr. (2012-13) Yr. (2015-16) From Yr. (2012-13) Yr. (2015-16) From Yr. (2021-22) Yr. (2025-26) From Yr. (2026-27) Yr. (2030-31)

Reserve Power

Installed Capacity

To be Implemented during (5) year plan

to

3,236

765

4,001

1,740

to

5,686

1,706

7,392

3,391

to

10,400

3,120

13,520

6,128

to

19,216

5,765

24,981

11,461

Chapter V Industrial Policy The facts which shall be carried out priority in industrial development 25.

The following facts are regarded in priority when formulating industrial policy: (a)

Reduction of barriers which shall be faced when initiating the new works;

(b)

Acquisition of capital flows and financial resources;

(c)

Educating for the development of human resources and entrepreneurship enterprises development;

(d)

Developing of BDS (Business Development Service) for the development of economic enterprises;

(e)

Acquisition of innovation and technology;


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(f)

Having market access;

(g)

Linking of information web and strengthening wide dissemination of information.

The industries are defined as follows: (a)

Industry means manufacturing and retrofitting industry by carrying out the change of forms or properties by using energy or technology.

(b)

Micro Industry means manufacturing and retrofitting industry carrying out by family members or permanent employees in which the number of employees shall not exceed 15 or the capital shall not exceed 50 millions kyat not including value of land.

(c)

Small Industry means manufacturing and retrofitting industry in which the permanent number of employees shall not exceed from 15 to 50 or the capital shall not exceed 50 millions kyat to 500 millions kyat not including value of land.

(d)

Medium Industry means manufacturing and retrofitting industry in which the permanent number of employees shall not exceed from 50 to 300 or the capital shall not exceed 500 millions kyat to 1,000 millions kyat not including value of land.

(e)

Large Industry means manufacturing and renovation industry which has 301 of permanent employees and above or more than 1,000 millions kyat of capital not including value of land.

Registration of Industrial Enterprise 27. Registration of large industry shall be carried out by the Union level and registration of Small and Medium industry shall be carried out the respective Region and State Government level. 28. Online registration or temporary registration as prescribed manners are allowed in order to obtain the rights contained in this policy as quickly as possible. 29. Unregistered enterprise shall be taken into list and put in registration by Mobile Registration Teams in order to be qualified and accurate numbers and lists. Industries which will be carried out in priority under this policy and priorities 30. The prioritized industries are defined as follows: Short-term: The prioritized industries to establish industries which are able to compete in AEC by fulfilling infrastructure with the support of the State and development partners are: (a)

Labour Intensive Industries (1) Weaving/garment industry, shoes making industry, flatrate pay CMP industry and packaging industry; (2) Wood-based furniture and finished products industry.

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Primary Commodity Industries (1) Primary commodity industries which breed and produce directly such as agricultural products, vegetables, fruits and fishery products; (2) Value-added food products such as canning, fruit beverages, fruits jam, sesame oil and high quality fish sauce manufacturing industries.

(c)

Basic Manufacturing Industries without advanced technology (1) Textile & Garment Industry and Weaving Industry; (2) Spare parts manufacturing industry which are used in vehicles, motorcycles, agricultural machineries and other related industries; (3) Electronic and electrical devices manufacturing industry; (4) Plastic and fiber products manufacturing industry.

Medium-term: The prioritized industries in order to develop the industry by making local and foreign investments are: (d)

Medium Technical-based Industries: (1) Textile & garment dying and painting industry; (2) Equipments and, tyre and rubber products manufacturing industry; (3) Automobile parts manufacturing industry; (4) Ship building and related industry.

Long-term: The prioritized industries in order to be sustainable development of industries are: (e)

Advanced Technical-based Industries: (1) Pharmaceutical industry by using nanotechnology; (2) Advanced chemicals manufacturing industry which has less environmental effects; (3) Semi-conductor manufacturing industry; (4) Advanced ICT accessories manufacturing industry.

(f)

Infrastructure Industries: (1) Iron, Steel and metal refining and manufacturing industry; (2) Cement industry; (3) industries related to land transportation, water transportation and air transportation; (4) Electric power industry; (5) LNG industry; (6) Transport and Tourism industry;


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(7) Construction machineries & equipments manufacturing industry; (8) Petro-Chemicals Industry. 31. The Union level will undertake the industries related to State defence and security, and the industries which should undertake under the strategy. 32.

Carrying out in accordance with the AEC Standards when establishing ASEAN

Economic Community:

Myanmar has became a member of ASEAN in July, 1997 and it

needs to carry out towards ASEAN Vision 2020 in order to create economically developed region with low poverty rate and low gap in socio-economic. The competitive industrial products need to be in line with the International standards or ASEAN standards for enabling to enter ASEAN market. It was agreed to create ASEAN region where goods. services, investment and skilled-labour can transfer freely and investment capital can flow more freely. It needs to cooperate in order to participate in local market and ASEAN market actively in accordance with the following ASEAN Trade Agreements: (a)

Reduction of tariffs in accordance with ASEAN framework agreements;

(b)

Reduction of non-tariff barriers as much as possible;

(c)

Establishing ASEAN Single Window System : It aims to enhance trade capacity and competitiveness by saving time and costs with the help of advanced ICT, and by establishing Single Window System for (10) ASEAN countries;

(d)

Implementation of Standards, Technological Procedures and Quality consistency recognition programmes; It shall be carried out to be the same standardization and technology specifications within ASEAN region in accordance with the ASEAN Framework;

(e)

Protection of the investments in accordance with the ASEAN Agreement on Comprehensive Investment;

(f)

Allowing free movement and employment of the skilled-labour within ASEAN region.

Building Regional Economic Linkages 33. The following industries which should be carried out by building regional economic linkages will be observed and carried out in order to cooperate based on the strength of the States: (a) Industries which should be newly started (1) Myanmar - Industry relating to automobile parts, motorcycle parts, parts of machine and electrical parts; (2) Thailand - Automobile manufacturing industry, electrical parts industry and shoes making industry; (3) Laos- Industry relating to automobile parts and electrical parts;

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(4) Cambodia - Industries relating to automobile parts, garment and shoes making; (5) Vietnam - Value-added products industry, electrical parts industry, textile industry, garment industry and shoes making industry. (b)

Supply Chain Industries (1) Cambodia - Food industry and clothing & garment industry; (2) Laos - Food manufacturing industry; (3) Myanmar - Food industry, electronic parts industry: (4) Thailand - Consumer products industry and automobile manufacturing industry; (5) Vietnam - Electronic devices manufacturing industry.

(c)

Mineral based Industries (1) Cambodia - Hydro-power industry; (2) Laos - Hydro-power industry, LNG and mining industry; (3) Myanmar - Labour intensive industry, LNG and mining industry, energy, wood based products and gemstones industry; (4) Thailand - Quality clothing industry, electronic devices and automobile parts industry; (5) Vietnam - Labour intensive industry.

Basic requirements for the entry of foreign investment 34. It is to carry out the fulfillment of the following basic requirements in priority in order to emerge Myanmar as an attractive place for foreign investment in ASEAN region and the issues concerned with tax exemptions shall be conducted as per existing foreign investment law: (a)

Electronics industries (1) Labour wages and technology; (2) Port and approaching road for market; (3) Political Stability; (4) Market; (5) Appropriate tax.

(b)

Vehicles and Parts manufacturing and installation industries (1) Size of domestic market; (2) Port and approaching road for market; (3) Labour wages and technology; (4) Tax exemption.


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Labour-based industries and flat-rate pay industries (1) Energy price; (2) Reasonable and price (purchase and lease); (3) Tax exemption; (4) Reasonable wages; (5) Political Stability; (6) Supporting factories for capacity building.

Promotion of Production capacity and quality 35. The followings will be carried out to promote production capacity and quality of industries: (a)

The followings shall be formed for the development of the industries in balance; (1) Industrial Supporting Committee; (2) Working Groups for the development and Consultant Bodies; (3) Technical Service Provider for minimizing environmerntal impacts in production process.

(b)

To promote cooperation with private for industries which are profitable and unnecessary to handle permanently under State policy among State owned factories;

(c)

To undertake for the micro, small and medium industries in order to enter into the supply chain by producing supporting parts of machines after linking local and foreign industries;

(d)

To create opportunities for foreign industries;

(e)

To cooperate and coordinate in order to support energy sector which will be necessary along with the development of industrial sector;

(f)

To support and assist in order to use Computer Aided Design (CAD), Computer Aided Manufacturing (CAM) and technology widely in the manufacturing industries;

(g)

To support for holding trainings and seminars on the standardizations, technology, productivity and difficulties;

(h)

To carry out in order to issue the certificate for quality of the products;

(i)

To assist and support for the emergence of the Supporting industries.

Emergence of Information System and Business Development Service (BDS) 36.

The emergence of the following Information System and Business Development Service

shall be carried out for the industrial development: (a)

establishing a web portal which can share the technology, information and market situation of the industrial sector in time and using media;

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(b)

interacting between industries and organizations by using online system;

(c)

good internet speed;

(d)

assisting to establish business consultant, advisory body and business development service;

(e)

carrying out with the following stages by forming the consultant groups: (i)

first stage - discussing face to face;

(ii) second stage - discussing at the work site by sending the consultant; (iii) third stage - preparing the project paper for the benefit; (f)

laying down the ethics for the Business Development Services organizations and issuing certificates.

To survive weak industries 37. It shall be carried out to reform and provide assistance to the industries which have difficulties to survive but have good potential among large and medium industries. 38. If an industry applies as a weak industry, it shall be published after scrutinizing in accordance with the stipulation and coordinated to get tax relief and exemption.

Chapter VI Establishment of Industries in Industrial Zones and Special Economic Zones 39. In order to establish the industries successfully in the industrial zones and special economic zones, the following keys shall be carried out by making assessment from various points of view: (a)

(b)

National Development Strategy - Businessmen and industrial owners shall be acquainted widely the National Comprehensive Development Plan (NCDP), regional development plans, the Investment Law, Industrial Zone Law and the Special Economic Zone Law as a guide; Location and Situation - The following criterias are needed to be fulfilled for long-term development: (i)

a place for regional development;

(ii)

a place of good water resource;

(iii) a place of good electricity supply; (iv) a place of good information and communication (including ICT); (v) a place where there is enough labour; (vi) a place where environmental conservation can be arranged; (vii) a place where land, water and air transportation is good. (eg; near highways and airports)


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Organizing clusters - It means organizing the industries of the same business, same region and same objective. Clusters can get benefits in short time by working collectively the issue of technology, fund, market, innovation and human resources development. It is needed to carry out to connect, provide and organize clusters to fill the gaps raised by lack of information and knowledge which are encountered frequently in business. It is needed to carry out the improvement of technology through the cooperation of industries by establishing industrial zones and cluster industrial parks. The requirements of each cluster in the industrial zone are coordinated with the relevant departments and fulfilled by obtaining the opinion from businessmen and in the special economic zone;

(d)

Providing Infrastructure and services - In order to implement the infrastructure and services needed for the zones adequately, it is necessary to carry out the following process: (i)

preparing a master plan;

(ii) inviting and selecting the developers; (iii) setting up the procedures; (iv) ensuring the master plan and procedures to be effective; (v) coordinating with the government to levy the land revenue, house tax and building tax; (vi) expanding local and foreign investments in the zone; (vii) coordinating between the government and stakeholders. (e)

Administration - With the guidance of the Industrial Promotion Supporting Committee, the following administrative body and responsible persons shall be formed and assigned: (i)

Industrial Supervisory Board (regional level);

(ii) Industrial Zone Management Committee (BOD) (respective zone level); (iii) Office of Chief Executive Officer of Industrial Zone (respective zone level); (iv) Citizen (or) foreigner (or) citizen-foreigner joint industrial zone developer; (v) Monitoring and Evaluation Team; (vi) One stop service center. (f)

Marketing and Promotion - It is to assist the emergence of local and foreign market research and promotion teams for respective zones.

(g)

Land use in an industrial zone - In order to carry out the greenness and recycling of industrial wastes in establishing green zone, commercial zone, industrial zones, manufacturing zone and road, electricity, water supply & waste water

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treatment system in the industrial zone areas shall be placed in a suitable proportion according to EIA, SIA. (h)

Micro, small and medium industries shall be given supports to become supporting industries.

40. One Stop Service Center - One stop service center shall be formed in the zones with the cooperation of the government, relevant Ministries and business organizations and the followings shall be coordinated: (a)

Sharing information and procedures to start a business;

(b)

Issuing permit, license, recommendation and registration;

(c)

Registering as citizen company or foreigner company;

(d)

Coordinating to get visa;

(e)

Levying commercial tax and customs duty;

(f)

Granting work permit;

(g)

Providing technology, marketing and loan information.

41. In order to reduce the habit of land price manipulation and to increase entrepreneurship in the long term, land acquisition shall be exercised without any compensation if an industry is not established within 3 years. 42. Industrial zones were formed since 1995 and the following industrial zones were established - appendix (d): (a)

Eastern Yangon District Industrial Zone;

(b)

Western Yangon District Industrial Zone;

(c)

Southern Yangon District Industrial Zone;

(d)

Northern Yangon District Industrial Zone;

(e)

Mawlamyine Industrial Zone;

(f)

Taunggyi (Ayetharyar) Industrial Zone;

(g)

Monywa Industrial Zone;

(h)

Kalay Industrial Zone;

(i)

Pakokku Industrial Zone;

(j)

Yenangaung Industrial Zone;

(k)

Mandalay Industrial Zone;

(l)

Myingyan Industrial Zone;

(m) Meiktila Industrial Zone; (n)

Pyay Industrial Zone;


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(o)

Myaungmya Industrial Zone;

(p)

Pathein Industrial Zone;

(q)

Hinthada Industrial Zone;

(r)

Myeik Industrial Zone;

(s)

Hpa An Industrial Zone;

(t)

Yadanabon Industrial Zone (Mandalay Region);

(u)

Nay Pyi Taw Industrial Zone.

}

43. Region and State Governments can propose to establish new industrial zones according to the local requirement for the industrial development creation of more job opportunities and regional development. Establishment of Agro-Industrial Park 44. The relevant Region and State Governments carry out feasibility study for the establishment of agro-industrial park in regions in which the agriculture is successful: (a) Sagaing Region - There are Sagaing, Monywa and kalay Industrial Zones. Rice and rice based products, wheat and wheat based products and oil products are produced in Sagaing Zone and local and foreign trade should be carried out in Monywa and Kalay Industrial Zones by connecting India-Tamu-Kalay-MonywaMeiktila-Taunggyi-Kyaing Tong-Mongla/Tachileik-Laos and Thailand; (b)

(c)

Bago Region - Rice, oil crops and pulses are produced in Bago and Pyay Industrial Zones and these products should be exported through Thilawa - Bago Nay Pyi Taw - Meiktila - Mandalay - Myitkyina - Kanpiktee to Yunan Province, China; Magwe Region - There are Pakokku and Yenangyaung Industrial Zones. Valueadded products based on oil crops, pulses and cotton should be established by organizing the scattered micro and small industries around Magwe Region. The products should be exported through Kyaukphyu - Magwe - Meiktila Mandalay - Pyin Oo Lwin - Lashio -Muse corridor;

45.

(d)

Ayeyarwaddy Region - There are Hinthada, Pathein and Myaungmya Industrial Zones and rice, pulses and cassava are produced and products should be exported from Pathein deep sea port;

(e)

Tanintharyi Region - There are Dawei and Myeik Industrial Zones and products from each zone should be exported through Dawei deep sea port.

The followings shall be encouraged to develop in the agro-industrial park: (a)

Primary food industries- Primary food industries should be implemented consecutively. These industries need a small amount of water for processing and produce dry waste. (eg. Oil crops hull and rice mill and pulses mill);

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(b)

Value-added food industries - Value-added food industries should be implemented consecutively with primary food industries. These industries need a reasonable amount of water and produce wet waste. (eg.Vegetable oil, seasoning oil and perfume industry);

(c)

Processed food industries - Processed food industries should be implemented in suitable wide areas which have good environmental conservation. These industries need a large amount of water for process and produce wet waste. (eg. Bakery, masala and fruit jam business).

46.

47.

It is necessary to measure infrastructure for agro-industrial parks as follows: (a)

Tissue culture laboratories and seed production facilities;

(b)

Cold storage yards;

(c)

Agricultural products quality testing laboratories;

(d)

Quality control and quarantine facilities;

(e)

Environmental conservation;

(f)

Other commercial facilities.

Establishment of Border Industrial Zones and Economic Zones -Since border

industrial zones and economic zones are closed to the neighbouring countries and economic corridors, potential areas should be selected according to the relevant Regions and States and it should be implemented successfully with the approval of the Union Government. Tourism, health service, CMP and garment, hotel, logistic and utensils industries should be carried out in accordance with the local requirement. Davelopement of Special Economic Zones 48. In carrying out industries and business in the special economic zone, the following special economic zones are implemented: (a)

Dawei Special Economic Zone - It is situated at the Dawei river mouth and included deep sea port and industrial zone which cover an area of 204.5 km2 (50531 Acre). It is intended to construct railway and roads to connect with Thailand, Cambodia and Vietnam as the south economic corridor and to construct gas pipeline to Kanchanaburi province, Thailand. It is also aimed to develop as the highest international investment region;

(b)

Thilawa Special Economic Zone - It is situated near Thilawa seaport in Thanlyin township, Yangon Region and it is 25 kilometer from Yangon international airport, 30 kilometer from downtown commercial area of Yangon, 24 kilometer from Eastern Dagon industrial zone, 5 kilometer from No. 1 Highway road and 465 kilometer from Mae Sot, Thailand near Myawaddy;


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Kyaukphyu Special Economic Zone- It is situated in Kyaukphyu township, Rakhine State and it can be used as a commercial centre of port cities, Sitagaung, Yangon and Kolkata. It is important for the way connected to Kumin, Yunan province, Western China through Mandalay and a road will be constructed to connect Kyaukphyu and Shweli, China. Moreover, 4 Lakhs barrels of petrol will be transported daily by connecting 1,060 kilometer petrol pipe from Kyaukphyu to Kumin.

Chapter VII Fields to be Supported for the Success of the Goals of Industrial Policy 49. The development of the following fields which are supported for the success of the goals of the industrial policy will be carried out: (a)

human resources;

(b)

development of technology and innovation;

(c)

financing;

(d)

development of infrastructure;

(e)

market expansion;

(f)

tax and procedure relief.

Development of human resources 50. In order to develop the human resources, the relevant Ministry, non-governmental organizations, business organizations and industrial zones will coordinate and cooperate as follows: (a)

coordinating to ensure suitable protections and rights to the investors for nurturing programmes the skilled workers;

(b)

The following organizations shall be formed for the development of human resources: (i)

Myanmar Industrial Management Institution;

(ii)

Technology and Capacity Development Training Center;

(iii) National Skill Standard Authority (NSSA); (c)

conducting industrial trainings, workshops, training related to labour law and sending to abroad training in each Region and State;

(d)

co-training with foreign skilled labour to increase proportionately skilled and semiskilled labour;

(e)

nurturing labour who are skillful and meet the requirement of current and future industrial sector;

(f)

prescribing the curriculum in order to reach the international standards for issuing the certificates from local professional training schools;

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(g)

establishing National Productivity Centre with the help of partner countries to upgrade the production technologies;

(h)

prescribing ethics on mutual accountability of employer and employee which are not contrary to the law and orders of the Ministry of Labour;

(i)

arranging to nurture skilled labour from vocational schools and organizations: (i)

management, accounting and supervisor training;

(ii) electric, electronic and ICT training; (iii) industrial design and engineering technology training; (iv) automobile service training; (v) welding training; (vi) basic English training; (vii) motorcycle and farming machinery service training; (j)

creation of suitable jobs for women, the disabled and youth;

(k)

conducting basic labour course to low-educated labour and teaching civic culture ethics;

(l)

conducting free vocational training in industrial zones and economic zones.

Development of technology and innovations 51. In order to develop technology and innovations, the relevant Ministry, NGOs, business organizations and industrial zones will coordinate and carry out as follows: (a)

arranging to develop quality control system and production development;

(b)

prioritizing to upgrade agro-based industries by taking technology and improvement through foreign investment;

(c)

conducting training for value-added product technology;

(d)

organizing research department for the production of products which meet the market requirement and mediating by the coordinator;

(e)

exporting the value-added products in the country by using natural resources (eg. Wood, fishery products, mineral, etc.);

(f)

providing reasonable cost to get internationally recognized certificate ISO, HACCP, GMP, etc.;

(g)

providing reasonable cost to keep the record of biotechnology, ICT, energy substituted technology for new machines and agro-technology from research and development fund;

(h)

assisting to promote innovations in accordance with the copyright law;


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(i)

providing reasonable financial assistance for the development of technology and research;

(j)

taking research and technology transfer by the cooperation of private-universitygovernment department.

Providing Financial Assistance 52. The following funds and business funds shall be established to provide financial assistance by the State, industrial zone, cluster industrial park or organization: (a)

special fund;

(b)

emergency fund;

(c)

human resource development fund;

(d)

technology development fund;

(e)

research and development fund;

(f)

fund for upgrading new technology business and using modern machine;

(g)

fund for trade mark related to legal registration of trademarks which represents the production of Myanmar;

(h)

reserve fund which can support entrepreneurships.

53. Foreign investment shall be invited in technology based industries (Biomedical, Software, Electrical, Electronic, Plastics, Fiber parts, Machine parts, Auto parts, etc.). 54. Loan insurance cooperation shall carry out inter-mediatory insurance with suitable commission for mortgagor who cannot deposit mortgaged property. 55.

It shall carry out to get more foreign aids, grants and loans.

56.

The Government shall lead to provide financial assistance for industries.

57. It shall cooperate with local and foreign organizations to appear banks which can support industries and to develop credit guarantee system and credit rating system quickly. 58. Financial institutions shall be established with the help of the Government with cooperation of businessmen. 59. In financing the prioritized industries to develop by the State policy, it shall be arranged to support loans for potential industries. Infrastructural Development 60. The infrastructural development is the vital role for the development of industrial sector, the followings shall be coordinated with business and industrial organizations or developers: (a)

the infrastructural development on electricity supply which is mainly for industrial development;

(b)

arranging the development of the industrial technology, policy and regulations to meet the international standards;

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(c)

improving the infrastructures in existing industrial zones and establishing new industrial zones with the requirements;

(d)

arranging land, road, electricity, gas, water, communication system and waste water management system to be convenient for industries and maintaining with the cooperation of developers;

(e)

the establishment of new industrial zones should be set up near ports, airports, highway roads;

(f)

arranging the energy resources for using as infrastructures.

61. Types of the Public -Private -Partnership (PPP) for Infrastructural Development_There are various types of PPP based on the responsibility and risk of the foreign investments by private partnership in infrastructural sector. The Union Government, the State and Regional Governments need to conclude the various types of PPP agreements with private companies and foreign investors: (a)

Build and Transfer (BT) - A person who is entitled to operate BT shall take the responsibility for finance and construction. It shall be transferred to the relevant organization if the work is completed. The investment and share incurred according to the schedule of the project shall be paid to the operator. This system may be used for the security or strategic matters;

(b)

Build, Lease and Transfer (BLT) - A person who is entitled to operate BLT shall construct by incurring the finance and it is transferred to the relevant organization if the work is completed and shall conclude lease agreement. The ownership has been transferred to the relevant organization within the prescribed period;

(c)

Build, Operate and Transfer (BOT) - A person who is entitled to operate BOT shall take the responsibility for the finance, construction and maintenance. It is entitled to operate within the prescribed period. It is entitled to collect rental fees and charges not more than the rate negotiated in the agreement from the users. It shall be transferred to the relevant organization at the end of the prescribed period and used for roads, seaports and airports;

(d)

Build, Own and Operate (BOO) - A person who is entitled to operate BOO shall take the responsibility for the finance, construction, operation and maintenance. It is owned by the person who is entitled to operate and collect rental fees or charges from the users;

(e)

Build, Own, Operate and Transfer (BOOT) - A person who is entitled to operate BOOT shall take the responsibility for the finance, construction, operation and maintenance. It may be owned and operated within the permitted period and collected taxes from the users. It shall be transferred in fully operational condition to the relevant organization for free of charge;


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Build, Operate, Share and Transfer (BOST) - A person who is entitled to operate BOST shall take the responsibility for the finance, construction, operation and maintenance. A part of income shall be allocated to the relevant organization within the prescribed period and it shall be transferred at the end of the prescribed period;

(g)

Build, Own, Operate, Share and Transfer (BOOST) - A person who is entitled to operate BOOST shall take the responsibility for the finance, construction, own, operation and maintenance. A part of income shall be allocated to the relevant organization within the prescribed period and it shall be transferred at the end of the prescribed period.

Supporting for the Market Expansion 62. It shall be negotiated with the relevant departments and organizations or with the assistance of partnerships for the market expansion as follows: (a)

publishing Industrial Directory;

(b)

assisting to get information regarding the situation of the local, regional and international markets;

(c)

coordinating for facilitation of logistic and custom clearance services;

(d)

giving awareness related with international trade regulations;

(e)

assisting for the systematic emergence of transit store and sale services for trade facilitating;

(f)

assisting to enter the Global Supply Chain by manufacturing standardized products in good relationship with multi-nations companies;

(g)

encouraging to hold the local and foreign Trade Expose and Business Matching;

(h)

supporting finance for the advertisement of trade mark and holding the Expose at foreign countries to become the international recognition trade mark of Myanmar;

(i)

coordinating to reduce the undesirable barriers in trade;

(j)

connecting business between special economic zones and industrial zones;

(k)

encouraging to more use waterway that is safe cost for cargo and transportation, construction and maintenance of ship;

(l)

coordinating in accordance with the international procedures in trade;

(m) connecting with trade centre of Regions/ States for sharing trade information. 63.

The following facts shall be implemented for market development: (a)

implementing the trade policies systematically in accordance with the market economy;

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(b)

using the modern information and communication technology (ICT) for the promotion of imports and the development of trade;

(c)

trade expansion with the cooperation of regional countries and international;

(d)

progressive of trade environment;

(e)

sufficient of essential goods for local consumption and production and stability of market price.

Reliable Tax and Procedures Reliefs 64. It shall be coordinated to reduce delay and damages for the suitable tax and procedure reliefs to appear a good economic society with policies and by promulgating laws as follows. The enacted laws related to the industry are mentioned in appendix(a): (a)

setting up one stop service center in every region to reduce the cost;

(b)

coordinating to reduce taxes reasonably in the production and trade industries and not to be double taxation;

(c)

coordinating with relevant departments to follow the procedures and regulations equally;

(d)

supporting to get tax exemption and relief within the reasonable prescribed period according to the type of industry under the State policy;

(e)

participating for the promulgation of necessary laws on standardization, copyright and trade related to industries;

(f)

coordinating with relevant departments for the issuance of Inspection Certificates quickly;

(g)

coordinating for getting permission under the existing laws if the exemptions or reliefs of tax for applying industries included in the policy;

(h)

changing in conformity with the advanced system to the company registration and confirmation of the investment.

Exemptions and Reliefs 65.

In order to develop industries, the exemptions and reliefs from tax are entitled equally

to local and foreign under the Investment Law, exiting Commercial Tax and Income Tax Law and the Union Taxation Law, 2015. Classification of Industries 66. Industries are classified as follows based on the nature of manufacturing and service. The details are mentioned in appendix (b): ( a ) Food and Beverages; ( b ) Clothing and Apparel; ( c ) Construction Materials;


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( d ) Personal Goods; ( e ) Consumer Products; (f)

Literature and Arts;

(g) Raw Goods; (h) Metal and Mineral Production; (i)

Agriculture Machinery:

(j)

Industrial Tools and Equipments;

(k)

Automobiles;

(l)

Electrical Equipment;

(m) General. 67. It is preparing with the International Standard Industrial Classification, ISIC for classification of industries of Myanmar and it shall be classified with these standards after Myanmar Standard Industrial Classification, MSIC had prepared.

Chapter VIII Organizations for Policy Implementation Formation of Infrastructural and Industrial Development Committee 68.

It is necessary to supervise the implementation under Industrial Policy, to advise if it is

necessary to amend laws and regulations and to negotiate between the Government and operators for the development of infrastructure such as road, electricity, seaport, airport, railway, communication and information to establish industrial zone in the economic zone or outside of the economic zone. It is necessary to organize ‘‘Infrastructural and Industrial Development Committee led by the Vice-President’’ by the notification of the Union Government for coordinating and amending, as may be necessary, the processes to facilitate the business. The Union Ministers should be included as the members to facilitate of the differences between relevant ministries. Formation of the Industrial Promotion Supporting Committee 69.

It is necessary to lay down the master plan for the industrial development and

procedures, by-laws and restrictions followed by the industries, special missions and stipulations for industrial zones. It is necessary to carry out development plans, assistance and relief according to the areas of support. ‘‘Industrial Promotion Supporting Committee led by the Union Minister for the Ministry of Industry’’ should be organized and implemented for the emergence of sustainable industries, the safety of the industrial area, the effective usage of energy and systematic disposal of wastes. Deputy Ministers from the relevant ministries should be included as members.

1261


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« tydkif; 1

The following working committees led by the Deputy Ministers from relevant ministries

should be organized and supported to enhance the capacity of the Industrial Promotion Supporting Committee: (a)

Heavy Industries Committee;

(b)

Basic goods Industries Committee;

(c)

Resources Based Industries Committee;

(d)

Technical Based Industries Committee;

(e)

Micro, Small and Medium Industries Committee;

(f)

Industrial Zone and Special Economic Zone Committee.

Committees and Organizations for Cooperation 71.

The following committees should be organized for requirements: (a)

National Standardization Council;

(b)

Committee for Intellectual Property Rights;

(c)

Committee for Skill Development;

(d)

Myanmar Information System;

(e)

Myanmar Industrial Management Institution;

(f)

Regional Industrial Supervision Board.

Formation of Industrial Supervision Board 72.

It is necessary to inspect, recommend and supervise for the development according to

the industrial policy in Union Territory, Region and State. It is necessary to monitor the public health, environment and social economic environment and the safety of fire and occupational hazard. Moreover, the Regional Government shall organize the Industrial Supervision Board with suitable persons led by a Minister of the relevant member of the Government to implement Regional Industrial Zone and to support the Industrial Promotion Supporting Committee. Formation of the Industrial Zone Management Committee 73.

The Union Territory, Region and State Governments shall organize the Industrial Zone

Management Committee including the members selected by the majority of vote from the investors and companies in coordination with the Industrial Promotion Supporting Committee. The committee shall implement by designing the plan for Industrial development. Prosecuting the intruders in the industrial zone, coordinating the procedures for the operators and one-stop service center, abiding and supervising in accordance with the stipulations of the industrial zone shall be carried out.

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jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf; rStyd wkifyf;Hkw4if» trSw––– f––––39

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1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

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aomMumaeY

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tydkif; 4 jrefrmEdkifiHukrÜPDrsm;tufOya't&

a&Taejcnf ukrP Ü v D rD w d uf (Shwe Nay Chi Company Limited)

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a':rmrm pm&if;&Sif;vif;zsufodrf;a&;t&m&Sd zrfruf*½k(yf) trSwf 635 (at-1)? tcef; (bD-3)? ½dk;r&dyfom? jynfvrf;? urm&GwfNrdKUe,f? &efukefwdkif;a'oBuD;/ zkef;- 01-2304349? 523327


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« tydkif; 4

tdyrf ufawmifwef;rD', D m ukrP Ü v D rD w d uf (DREAM HILL MEDIA COMPANY LIMITED)

ukrP Ü w D &m;0ifzsuo f rd ;f jcif; 2016 ckESpf? arv (6) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wuf a&mufonfh txl;tpnf;ta0; qHk;jzwfcsuft& tdyfrufawmifwef; rD'D,mukrÜPDvDrdwuf (DREAM HILL MEDIA COMPANY LIMITED) tm; 2016 ckEp S ?f rwfv (31) &ufrpS í pm&if;&Sif;vif;zsufodrf;&mwGif a':pE´mat; [12^ouw (Edkif) 131769] (B.Com, C.P.A) vufrw S &f jynfopYl m&if;udik f (pm&if;ppf) tm; w&m;0if pm&if;&Si;f vif; zsuo f rd ;f a&;t&m&St d jzpf ceft Y yfvu kd yf gonf/ ukrÜPDESifh ywfoufonfh &&ef&Sdolrsm;? ay;&ef&Sdolrsm;tm;vHk;onf 2016 ckESpf? Zlvdkif(30) &ufaeY aemufqHk;xm;í pm&if;&Sif;vif;zsufodrf;a&;t&m&SdxH awmif;cHEdkifaMumif; aMunmtyf ygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)

a&Te0&wf a&mif;0,fa&; ukrP Ü v D rD w d uf (SHWE NAWARAT TRADING COMPANY LIMITED)

jrefrmEdik if u H rk P Ü rD sm; tufOya'yk'rf -206 (1) t& ukrP Ü u D kd tpk&, S , f m&Sirf sm;qE´tavsmuf zsuo f rd ;f &efaMumfjimjcif; 1/ a&Te0&wf a&mif;0,fa&; ukrÜPDvDrdwuf udk tpk&Sifrsm;\qE´tavsmuf zsufodrf;&ef (24-6-2016) &ufaeYu ukrP Ü w D iG f usi;f yaom omrefxufx;l uJonfh taxGaxGtpnf;ta0;rS txl;qHk;jzwfcsuf csrSwfcJhygonf/ 2/ ,if;tpnf;ta0;wGif pm&if;&Sif;vif;zsufodrf;a&;t&m&Sdtjzpf a':pE´mat; (B.Com., k yd u f rf;NrKd Ue,f? &efuek Nf rKd U C.P.A)?trSwf (23)? tcef; (302)? tifMuif;vrf;? ,kZeO,smOfNrKd Uawmf? '*Hq tm; w&m;0if pm&if;&Sif;vif; zsufodrf;a&;t&m&Sdtjzpf cefYxm;&ef qHk;jzwfygonf/ 3/ odjYk zpfygí ukrP Ü rD &S &efEiS hf ay;&ef&o dS nfrsm;udk (24-7-2016) &ufaeYxuf aemufrusapbJ azmfjyygw&m;0ifpm&if;&Si;f vif; zsuo f rd ;f a&;t&m&Sx d H qufo, G af qmif&u G &f ef aMunmvdu k yf gonf/ U Zaw Min

a':pE´mat;

Managing Director

(B.Com, C.P.A)

Shwe Nawarat Trading Co., Ltd.

pm&if;&Sif;vif;zsufodrf;a&;t&m&Sd zkef; 09-31549793


tydkif; 4 »

jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

jrefrm yifv,fjym c&D;oGm;vma&; ukrP Ü v D rD w d uf ( MYANMAR BLUE OCEAN TRAVELS & TOURS CO., LTD. )

tpk&iS rf sm;\ qE´t& pm&if;&Si;f vif;zsuo f rd ;f jcif; 2016 ckEpS ?f arv (10) &ufaeYwiG f ukrP Ü ½D ;kH cef;ü usi;f yjyKvyk af om tzGUJ 0ifrsm;\ txl; tpnf;ta0; qHk;jzwfcsuft& jrefrmyifv,fjym c&D;oGm;vma&; ukrÜPDvDrdwuf (Myanmar Blue Ocean Travels & Tours Co., Ltd.) tm; (10-5-2016) &ufaeYrSpí pm&if;&Sif;vif; zsuo f rd ;f &ef qH;k jzwfcNhJ y;D jzpfygonf/ ,if;okpYd m&if;&Si;f vif;zsuo f rd ;f &mwGif OD;jrwfviG rf ;kd [B.Com(Q), C.P.A] tm; pm&if;&Sif;vif; zsufodrf;a&;t&m&Sdtjzpf cefYtyfvdkufygonf/ ukrP Ü rD &S &efEiS hf ay;&ef&o dS nfrsm;udk 2016 ckEpS ?f Zlvikd v f (22) &ufaeYukd aemufq;kH xm;í azmfjyyg pm&if;&Sif;vif;zsufodrf;a&;t&m&SdxH awmif;cHjcif;ESifh ay;oGif;jcif;rsm; jyKvkyfEdkifaMumif; aMunmtyfygonf/ Zayar Linn

Myat Lwin Moe

Managing Director

B. Com (Q), C.P.A

Myanmar Blue Ocean

Certified Public Accountant

Travels & Tours Co., Ltd.

AUDITOR

a&TwcH g; tjynfjynfqikd &f m c&D;oGm;vma&; ukrP Ü v D rD w d uf (GOLDEN GATE INT 'L TRAVELS & TOURS COMPANY LIMITED)

ukrP Ü aD emufq;kH tNy;D owf w&m;0ifzsuo f rd ;f jcif; 2015 ckESpf? 'DZifbmv (21) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wufa&mufonfh txl;tpnf;ta0; qHk;jzwfcsuft& a&TwHcg;tjynfjynfqdkif&m c&D;oGm;vma&; ukrÜPDvDrdwuf (GOLDEN GATE INT'L TRAVELS & TOURS COMPANY LIMITED) tm; 2016 ckEp S ?f rwfv (31) &ufrpS í pm&if;&Si;f vif;zsuo f rd ;f &mwGif a':pE´mat; [12^ouw(Edik )f 131769] (B.Com, C.P.A) vufrw S &f jynfopYl m&if;udik f (pm&if;ppf) tm; w&m;0if pm&if;&Sif;vif;zsufodrf;a&;t&m&Sdtjzpf cefYtyfvdkufygonf/ ukrP Ü ED iS yhf wfoufonfh &&ef&o dS rl sm;? ay;&ef&o dS rl sm;tm;vH;k onf 2016 ckEpS ?f Zlvikd v f (31) &ufaeY aemufq;kH xm;í pm&if;&Si;f vif;zsuo f rd ;f a&;t&m&Sx d H aemufq;kH tNy;D owf awmif;cHEikd af Mumif; aMunmtyfygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)

131


132

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{

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}

« tydkif; 4

a&TwcH g; tjynfjynfqikd &f m pufrx I w k v f yk rf I ukrP Ü v D rD w d uf (GOLDEN GATE INT 'L INDUSTRY COMPANY LIMITED)

ukrP Ü aD emufq;kH tNy;D owf w&m;0ifzsuo f rd ;f jcif; 2015 ckESpf? 'DZifbmv (21) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wufa&mufonfh txl;tpnf;ta0; qH;k jzwfcsut f & a&TwcH g;tjynfjynfqikd &f m pufrx I w k v f yk rf I ukrP Ü v D rD w d uf (GOLDEN GATE INT'L INDUSTRY COMPANY LIMITED) tm; 2016 ckESpf? rwfv (31) &ufaeYrSpí pm&if;&Sif;vif;zsufodrf;&mwGif a':pE´mat; [12^ouw (Edkif) 131769] (B.Com, C.P.A) vufrSwf& jynfolYpm&if;udkif (pm&if;ppf) tm; w&m;0if pm&if;&Sif;vif;zsufodrf;a&;t&m&Sdtjzpf cefYtyfvdkufygonf/ ukrP Ü ED iS yhf wfoufonfh &&ef&o dS rl sm;? ay;&ef&o dS rl sm;tm;vH;k onf 2016 ckEpS ?f Zlvikd v f (31) &ufaeY aemufq;kH xm;í pm&if;&Si;f vif;zsuo f rd ;f a&;t&m&Sx d H aemufq;kH tNy;D owf awmif;cHEikd af Mumif; aMunmtyfygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)

tvkyt f ESpo f m&0efaqmifrI ukrP Ü v D rD w d uf (JOB ESSENCE SERVICE COMPANY LIMITED)

ukrP Ü aD emufq;kH tNy;D owf w&m;0ifzsuo f rd ;f jcif; 2015 ckESpf? 'DZifbmv (21) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wufa&mufonfh txl;tpnf;ta0; qH;k jzwfcsut f & tvkyt f ESpo f m& 0efaqmifrI ukrP Ü v D rD w d uf (JOB ESSENCE SERVICE COMPANY LIMITED) tm; 2016 ckEp S ?f rwfv (31) &ufaeY rSpí pm&if;&Sif;vif;zsufodrf;&mwGif a':pE´mat; [12^ouw(Edkif)131769] (B.Com, C.P.A) vufrSwf& jynfolYpm&if;udkif (pm&if;ppf) tm; w&m;0if pm&if;&Sif;vif;zsufodrf;a&; t&m&Sdtjzpf ceft Y yfvu kd yf gonf/ ukrP Ü ED iS yhf wfoufonfh &&ef&o dS rl sm;? ay;&ef&o dS rl sm;tm;vH;k onf 2016 ckEpS ?f Zlvikd v f (31) &ufaeY aemufq;kH xm;í pm&if;&Si;f vif;zsuo f rd ;f a&;t&m&Sx d H aemufq;kH tNy;D owf awmif;cHEikd af Mumif; aMunmtyfygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)


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jynfaxmifpkor®wjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

ataurd;k ukrP Ü v D rD w d uf (A K MOE COMPANY LIMITED)

ukrP Ü aD emufq;kH tNy;D owf w&m;0ifzsuo f rd ;f jcif; 2015 ckESpf? 'DZifbmv (21) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wufa&mufonfh txl;tpnf;ta0; qHk;jzwfcsuft& ataurdk; ukrÜPDvDrdwuf (A K MOE COMPANY LIMITED) tm; 2016 ckEp S ?f rwfv (31) &ufrpS í pm&if;&Si;f vif;zsuo f rd ;f &mwGif a':pE´mat; [12^ouw (Edkif) 131769] (B.Com, C.P.A) vufrSwf& jynfolYpm&if;udkif (pm&if;ppf) tm; w&m;0if pm&if;&Sif;vif;zsufodrf;a&;t&m&Sdtjzpf cefYtyfvdkufygonf/ ukrP Ü ED iS yhf wfoufonfh &&ef&o dS rl sm;? ay;&ef&o dS rl sm;tm;vH;k onf 2016 ckEpS ?f Zlvikd v f (31) &ufaeY aemufq;kH xm;í pm&if;&Si;f vif;zsuo f rd ;f a&;t&m&Sx d H aemufq;kH tNy;D owf awmif;cHEikd af Mumif; aMunmtyfygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)

y&ufpcf &dqm;Apf tifwmae&Sief ,f ukrP Ü v D rD w d uf (PRESSCRETE SERVICES INT'L COMPANY LIMITED)

ukrP Ü aD emufq;kH tNy;D owf w&m;0ifzsuo f rd ;f jcif; 2015 ckESpf? 'DZifbmv (21) &ufaeYwGif usif;yaom tpk&Sifrsm;? 'g½dkufwmrsm;tm;vHk; wufa&mufonfh txl;tpnf;ta0; qH;k jzwfcsut f & y&ufpcf &dqm;Apf (PRESSCRETE SERVICES INT'L COMPANY LIMITED) tm; 2016 ckEpS ?f rwfv (31) &ufrpS í pm&if;&Si;f vif; zsufodrf;&mwGif a':pE´mat; [12^ouw (Edkif) 131769] (B.Com, C.P.A) vufrSwf& jynfolY pm&if;udik f (pm&if;ppf) tm; w&m;0if pm&if;&Si;f vif; zsuo f rd ;f a&; t&m&St d jzpf ceft Y yfvu kd yf gonf/ ukrP Ü ED iS yhf wfoufonfh &&ef&o dS rl sm;? ay;&ef&o dS rl sm;tm;vH;k onf 2016 ckEpS ?f Zlvikd v f (31) &ufaeY aemufq;kH xm;í pm&if;&Si;f vif;zsuo f rd ;f a&;t&m&Sx d H aemufq;kH tNy;D owf awmif;cHEikd af Mumif; aMunmtyfygonf/ a':pE´mat; (B.Com, C.P.A)

vufrSwf&jynfolYpm&if;udkif (pm&if;ppf)

133


134

jynfaxmifpkorÂŽwjrefrmEdkifiHawmfjyefwrf;

{

1378 ckESpf? e,kefvjynfhausmf 4 &uf ( 2016 ckESpf? ZGefv 24 &uf )

}

ÂŤ tydkif; 4

In the matter of the Myanmar Companies Act

MARUKEN CO., LTD . (MYANMAR BRANCH) (In Members Voluntary Winding-up) Notice of Special Resolutions pursuant to section 206(1) At the Extraordinary General Meeting of the Members of the Branch Office held at No. S.7, Second Floor, Aung San Stadium Northern Wing, Joe Phyu Street, Mingalar Taung Nyunt Township, Yangon Region, on 10th June, 2016 the following, ''Special Resolutions" were passed: Special Resolutions:1. 2.

3.

That the Branch Office be voluntarily wound-up by the members with effect from 10th June, 2016. That Daw Cho Cho Toe, ''Certified Public Accountant" , be and is hereby appointed Liquidator for the purpose of such winding-up and is authorized to carry on the business of the Company to such extent and for such period as may be necessary only for the beneficial winding-up there and is granted such other powers as may be deemed fit or proper and to final winding-up the Company. That all persons claiming to be creditors of the above Branch Office are requested to submit details of their for review together with any strong documentary evidence in their possession, to the Liquidator at No.S.7, Second floor, Aung San Stadium Northern Wing, Joe Phyu Street, Mingalar Taung Nyunt Township, Yangon Region, before 22th July, 2016. Daw Cho Cho Toe Liquidator B.Com , C.P.A Certified Public Accountant

NOTICE TO CREDITORS

(MIZUHO BANK LIMITED) (Representative Office) Consequent on the upgrading of the Yangon Representative office, to operate as a branch in the Republic of the Union of Myanmar, under the Central Bank of Myanmar's licence to operate as such, the Yangon Representative Office was closed down and its affairs are being wound up with effect from 3rd August, 2015. All persons claiming to be creditors of the Yangon Representative Office as at rd 3 August, 2015 are therefore requested to submit their claim or claims, with documentary evidence to the undersigned at No.64(B) (1st Floor) Komin Kochin Road, Bahan Township, Yangon within one month of the date of publication of this notice. U Maung Maung Aung Attorney & Liquidator y? x? e - trSwf 622^15^yHkESdyfa&;ESihfxkwfa0a&;OD;pD;Xme^apmifa& - 2200^24-6-2016/


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