At The End Of June, There Were 63 Textile Enterprises And Other Enterprises Closed In Myanmar

Myanmar Investment Commission (MIC) has received applications from about 10 companies to suspend business, according to Dan Xinlun, director of Myanmar investment and company administration (DICA), Myanmar global new light daily reported on July 24.

According to the investment law of Myanmar, an enterprise approved by mic must be approved before it can be officially closed down, and the tax payment situation needs to be checked by the tax authorities. He said that affected by the new pneumonia epidemic, some enterprises are reducing the scale of production, even forced to temporarily or permanently shut down. Individual business owners ran away and did not pay their workers.

It is reported that as of June 21 this year, 100 garment and textile enterprises and 63 other enterprises have closed down, and more than 54000 workers have lost their jobs. At present, 101 enterprises have resumed operation, and more than 15000 workers have returned to work.